Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is an analyst's “price target” assumed to be for 12 months out?
Most commonly, unless you read 'fair value target price,' an analyst's target price is a 12-month target price. Typically, there is a firm wide policy determining which time horizon to use. No analyst would provide an open ended target price, it doesn't make any sense (you discount cash flows to a certain period, adjust for inflation, etc). So there is always a time horizon.