Stock target = Current price × (1 + annual compounded EPS growth)^{selected years} × (future P/E ÷ current P/E)^{selected years ÷ selected period}. The default annual growth is solved from the final target so the five-year result matches that forecast.

The red benchmark starts at the same current price and compounds at 10.4% annually. It is an illustrative comparison, not a prediction of S&P 500 returns. Calculations assume constant forecast growth, stable shares outstanding, and no dividends or dilution.