Taking a look at shares of Entergy Corporation (NYSE:ETR), we can see that the average consensus target price based on contributing analysts is currently $107.57. Sell-side analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Many investors will keep a close eye on target prices, especially when analysts provide fresh updates. A well-researched analyst report will typically offer a solid, detailed case for why the analyst believes that the stock will eventually hit the target. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.
Beginner traders have the tendency to make many mistakes when starting out. Although this comes with the territory, continually making the same mistakes will most likely put the trader on the sidelines very quickly. Learning from previous mistakes is what helps transform a mediocre trader into a good one. Successful traders are highly adept at creating detailed plans, managing risk, and reviewing previous trading records. Scooping up profits from the stock market is no easy task. Even with the best intentions and preparation, things may not work out as planned. Taking a look at the market from various angles may help the trader see the bigger picture. Market environments are constantly changing, and traders need to be ready for these changes and adapt accordingly in order to be successful over the long-term.
As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 2.27 for shares of