A quote from the site you linked, stockcharts.com... Point and Figure Price Objectives A Point and Figure Price Objective is the price that a stock should reach based on recent P&F chart signals.
Important: Price objectives should not be used as the sole reason for buying or selling a stock - it is just a guide based on what the current P&F chart is saying. Stocks frequently move past the price objective and just as frequently reverse before getting to the price objective. The best way to use a price objective is as a cautionary sign - if prices get to the price objective, it might be prudent to monitor the stock more closely and move stops closer in case the move is done.
I remember P&F targets for some stocks. One day it's $84 next week it's $39 the following week it's $96... They are absurd. Commodity stocks are volatile, so when they are rising, it's $100, and when they are falling it's 0..... MarkP