Arcimoto Reaches Analyst Target Price
June 30, 2020 at 09:46 AM EDT
In recent trading, shares of Arcimoto Inc (FUV) have crossed above the average analyst 12-month target price of $5.50, changing hands for $5.53/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..