RE: What target price does everyone have?19 Sep 2020 20:36
For me, target prices aren't a good thing to set. I've seen too many people reach their target price, sell and regret it as they watched the share price continue to rise. I bought Boohoo in 2015, have held them through every up and down and will be holding them for as long as I see them continue to make profits and grow internationally. With every down I've seen Boohoo come back higher and stronger. I believe holding great growth shares like Boohoo is the easiest and best way for me to make money. This has worked for me in the past and so I continue with this strategy. I hope to be holding Boohoo shares for another 10, maybe even 20 years.
I bought 10,000 ASOS shares at 60p each in 2004 and sold them for £60 each in 2014. I held ASOS shares through every up and down for 10 years. I'm happier to hold Boohoo for even longer because they sell their own designs, have 9 brands so far, are great at buying brands cheap out of administration, will buy more brands and they make more profit from revenue than ASOS do because Boohoo don't sell third party clothes. Boohoo own Boohoo, BoohooMan, Prettylittlething, Nasty Gal (a US clothing company), MissPap, Karen Millen, Coast, Oasis, Warehouse.