Nova Measuring Instruments Reaches Analyst Target Price
December 12, 2019 at 09:24 AM EST
In recent trading, shares of Nova Measuring Instruments Ltd (NVMI) have crossed above the average analyst 12-month target price of $36.00, changing hands for $36.62/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..