What does contemplate mean?

You are correct!

From our dictionary:

con•tem•plate

Pronunciation: (kon'tum-plAt", -tem-), [key]
v., -plat•ed, -plat•ing.


v.t.
1. to look at or view with continued attention; observe or study thoughtfully: to contemplate the stars.
2. to consider thoroughly; think fully or deeply about: to contemplate a difficult problem.
3. to have as a purpose; intend.
4. to have in view as a future event: to contemplate buying a new car.

v.i.
to think studiously; meditate; consider deliberately.