I bought a whole bunch of GE at 6.88 (7500 shares) and still holding but I am at a dilemma. I notice that the analyst have a 12 month price target for 13 dollars, Why would GE be trading at 14.53. I am thinking of writing covered calls for GE with a strike of 15 for june so I can collect 68 cents a share (5100 dollars) for monday. I bought 7.50 puts for GE that expire september 2009 for 17 cents as insurance. GE seems to be moving fast up but the analysts give GE a 13 dollar 12 month target. How do they figure out this price target and can a stock go much higher than the target?