MNST Crosses Above Average Analyst Target
September 06, 2017 at 09:54 AM EDT
In recent trading, shares of Monster Beverage Corp (MNST) have crossed above the average analyst 12-month target price of $56.25, changing hands for $56.35/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..