price achievements, examine the effectiveness of valuation methods for determining target prices, evaluate target price … accuracy using prediction error metrics, and investigate the factors influencing target price accuracy. Our findings indicate …. The study examines the accuracy of analysts' target price forecasts and the factors influencing that accuracy. We find …

Using a sample of U.S. security analysts’ target price forecasts issued over the period 2000-2010, we examine how … accounting accruals and accrual components affect security analysts’ target price forecast performance. In this study, we find … that analysts’ target price forecasts for firms with higher accruals level are less accurate and have lower possibilities …

We study the predictive ability of individual analyst target price changes for post-event abnormal stock returns within … that target price changes do not cause abnormal returns within each recommendation level. Instead, contradictory analyst … signals (e.g., strong buy reiterations with large target price decreases) neutralize each other, whereas confirmatory signals …

company do not influence the abnormal returns. Within the last chapter, we analyze target price accuracy and try to … distinguish potential factors that are relevant for the accuracy. For this purpose, we define a new measure that evaluates target … price accuracy. Results show that accuracy is higher for buy recommendations compared to sell recommendations. Furthermore …