How the result is calculated
The tool orders common labels from Strong Sell to Strong Buy solely to identify whether the stated recommendation moved up, down or stayed unchanged.
Target change equals the new target divided by the old target, minus one. Implied upside or downside equals the new target divided by the entered current share price, minus one.
A maintained rating with a changed target is labelled a target-only revision. The tool does not infer conviction, forecast accuracy or likely share-price performance.
What the result cannot establish
- Brokerages use different rating scales and definitions.
- A price target is an analyst estimate, not a forecast guarantee.
- The entered market price can be delayed or from a different observation time.
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Frequently asked questions
Is a higher price target always an upgrade?
No. A brokerage can raise its price target while keeping the same rating. The decoder labels that as a target-only revision.
Does implied upside mean the share price will rise?
No. It is only the percentage gap between the entered share price and the analyst's target.
Can rating labels be compared across brokerages?
Only cautiously. Firms define Buy, Hold, Sell and equivalent labels differently, often using different time horizons and benchmark assumptions.