TrueCar Reaches Analyst Target Price
August 04, 2020 at 09:42 AM EDT
In recent trading, shares of TrueCar Inc (TRUE) have crossed above the average analyst 12-month target price of $3.79, changing hands for $4.00/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..