First Internet Bancorp Reaches Analyst Target Price
October 12, 2017 at 09:01 AM EDT
In recent trading, shares of First Internet Bancorp (INBK) have crossed above the average analyst 12-month target price of $34.83, changing hands for $34.85/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..