Lovesac Reaches Analyst Target Price
August 04, 2020 at 09:15 AM EDT
In recent trading, shares of Lovesac Co (LOVE) have crossed above the average analyst 12-month target price of $32.00, changing hands for $32.97/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..