CarGurus Reaches Analyst Target Price
August 04, 2020 at 09:20 AM EDT
In recent trading, shares of CarGurus Inc (CARG) have crossed above the average analyst 12-month target price of $29.00, changing hands for $29.98/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..