Price targets for long-term shareholders
I know some on this board have been Horizon shareholders for several years. We have held tight through some challenging times that may have prompted us to set targets for liquidating or winding down our position. Just curious if you would like to share some thoughts on how your investment thesis may or may not have changed with Horizon now trading over $38 and T approval still to come.
As for myself, I have adjusted my targets several times since the the dark days of late 2016 and 2017. I am now very close to where I should start reducing my position but continuing to hold remaining through mid to late $40s before thinking of a further reduction. As I look 2 years into the future I think Horizon can be a $60+ stock and I would like to maintain a reasonable position through that time period. Of course, there is a good chance Horizon will acquire more assets in the near future that would cause me to reevaluate my targets once again. How about you? Have your targets been reached? Do you think T approval will be a significant catalyst or with the recent run-up will it be a "sell the launch" event?