Carvana Reaches Analyst Target Price
March 19, 2018 at 08:26 AM EDT
In recent trading, shares of Carvana Co (CVNA) have crossed above the average analyst 12-month target price of $20.12, changing hands for $20.98/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..