One Year Target Price (Analysts) Formula in Excel

Understanding One Year Target Price (Analysts)

The One Year Target Price (Analysts) formula in Excel, powered by MarketXLS, helps investors and analysts quickly retrieve the consensus one-year price target for a given stock symbol. This can be particularly useful when making informed investment decisions or validating market expectations.

• Purpose: To obtain the estimated future stock price target.
• Key Benefits:
  • Guides investment strategy by offering analysts’ consensus price targets.
  • Saves time by allowing you to pull data directly into Excel.
• When to Use: Use this formula whenever you need to compare current prices with anticipated future price levels to aid in portfolio decisions.

Syntax and Parameters

Below is the syntax for the OneYrTargetPrice function:

=OneYrTargetPrice(Symbol)

? Pro Tip: You can use standard stock symbols, indices, options, and even crypto pairs. For instance, "@MSFT 110122C00020000" for options or "BTCUSD:DEFAULT" for crypto pairs.

Return Value

• The function returns a numeric value indicating the estimated one-year target price for the specified symbol.
• If the symbol is invalid or cannot be found, the function returns "NA".

Error Handling and Special Cases

• Invalid or missing symbol: The function will return "NA".
• License validation: If your MarketXLS license is invalid, the function will also return the error message or "NA".

?? Note: Network or API downtime may result in temporary unavailability, causing the function to return "NA".

Performance Considerations

• The function’s speed depends on your internet connection and MarketXLS server response times.
• Cached data may delay immediate updates but helps improve performance.

Examples and Usage

Basic Example

Retrieve the one-year target price for Microsoft:

=OneYrTargetPrice("MSFT")

Different Symbol Formats

Below are additional ways you can query various symbol types:

• Stock Index:

  =OneYrTargetPrice("^SPX")

• Stock Option:

  =OneYrTargetPrice("@MSFT 110122C00020000")

• Cryptocurrency Pair:

  =OneYrTargetPrice("BTCUSD:DEFAULT")

Real-World Applications

• Portfolio Analysis: Quickly aggregate multiple target prices for different stocks to compare potential growth.
• Investment Forecasting: Use the output alongside historical price movements for trend analysis and future projections.

Common Questions

1. Why does the formula return "NA"?

   • An invalid or missing symbol, licensing issues, or an API call failure can cause "NA". Verify the symbol, ensure MarketXLS is installed and licensed, and confirm your internet connection.

2. Is the one-year target price updated automatically?

   • Yes. The function fetches data from the MarketXLS database. However, frequency of data refresh depends on your MarketXLS settings and your chosen refresh intervals.

3. How to integrate with other functions?

   • Combine OneYrTargetPrice with other MarketXLS functions like dividend or return calculators to perform a comprehensive fundamental analysis.

4. Any best practices?

   • Always verify data accuracy by comparing multiple sources. Additionally, store or reference the function’s outputs in a structured table for quick analysis and charting.

? Pro Tip: You can use Excel’s built-in tools like conditional formatting to highlight symbols with target prices above or below certain thresholds, aiding quick decision-making.