Monster Beverage Reaches Analyst Target Price
October 18, 2017 at 08:29 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 $56.52/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..