SNAP Crosses Above Average Analyst Target
December 06, 2017 at 08:53 AM EST
In recent trading, shares of Snap Inc (SNAP) have crossed above the average analyst 12-month target price of $14.91, changing hands for $14.94/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..