AXTI Crosses Above Average Analyst Target
February 24, 2017 at 09:43 AM EST
In recent trading, shares of AXT Inc (AXTI) have crossed above the average analyst 12-month target price of $7.55, changing hands for $7.60/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..