Spirit of Texas Bancshares Reaches Analyst Target Price
November 25, 2020 at 09:12 AM EST
In recent trading, shares of Spirit of Texas Bancshares Inc (STXB) have crossed above the average analyst 12-month target price of $16.67, changing hands for $17.10/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..