FB Crosses Above Average Analyst Target
July 26, 2021 at 08:56 AM EDT
In recent trading, shares of Facebook Inc (FB) have crossed above the average analyst 12-month target price of $365.91, changing hands for $369.79/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..