HIMX Crosses Above Average Analyst Target
January 06, 2020 at 08:30 AM EST
In recent trading, shares of Himax Technologies Inc (HIMX) have crossed above the average analyst 12-month target price of $2.92, changing hands for $3.06/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..