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the point of selling at a target price is really a piece of mind thing. when you purchase a stock, you may have some expectation of what it will rise to over x amount of time. when and if the stock meets your expectation may or may not be a good time to sell. You really need to decide based on your financial goals and on how well the stock is doing. if you think the stock will continue to go up beyond your initial expectation, then hold.

I guess the end result of setting a target price is that you can walk away with some level of happiness- that you bought in and sold, and walked away with what you expected.
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