Parnassus Fund Mutual Fund Target Price and Analyst Consensus

PARNX Fund  USD 64.82  0.82  1.28%   
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Parnassus Fund price targets

Parnassus Fund's fund target price is an estimate of its future price, usually made by analysts. Using Parnassus Fund's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Parnassus Fund's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Mutual Fund's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Mutual Fund's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Parnassus Fund's fund is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Parnassus Fund Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Mutual Fund value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Parnassus Fund is a key component of Parnassus Fund valuation and have some predictive power on the future returns of a Parnassus Fund.
Hype
Prediction
LowEstimatedHigh
63.8664.8065.74
Details
Intrinsic
Valuation
LowRealHigh
63.1964.1365.07
Details
Naive
Forecast
LowNextHigh
62.2663.2064.14
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
60.8462.8664.88
Details

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Other Information on Investing in Parnassus Mutual Fund

Parnassus Fund financial ratios help investors to determine whether Parnassus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parnassus with respect to the benefits of owning Parnassus Fund security.
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