Hi, I'm a beginner and I know this is a stupid question, but I just started making DCFs. I was wondering what the time frame on the share price given to a stock by the DCF is, and how to change it. For example, if I wanted to create a 3-year price target, would my price target just be what the DCF says is the fair price, but with only 3 years worth of projections? I just don't know because I thought DCF would tell you the fair price of the stock now, not in the future. So, how do you use it to create a specific 3 or 5-year price target?
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