I freely admit that I am no security analyst, and I have no idea where stock prices are headed–neither individual stocks nor in the aggregate.
But occasionally (like today), I am asked by a client, “I own 3,000 shares of ABC company, and it represents 90% of my investment holdings. Should I sell it now, or wait until it hits $X?”
Now, I believe a bird in the hand is worth two in the bush, so my advice is almost universally “sell, diversify, and don’t ever look back”. But I really need some type of smart, CFA-type investment guru to give me a target price, for no reason other than to NOT get sued.
Where can I find this kind of information without paying a bazillion dollars for a subscription that I will rarely (if ever) use? I know Morningstar offers it with Morningstar Advisor Workstation, but I’m not paying three grand a year just to get a buy/sell/hold recommendation once every few months.