ICAD Crosses Above Average Analyst Target
May 06, 2020 at 10:41 AM EDT
In recent trading, shares of iCAD inc (ICAD) have crossed above the average analyst 12-month target price of $12.25, changing hands for $12.38/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..