Codexis Reaches Analyst Target Price
October 13, 2017 at 08:27 AM EDT
In recent trading, shares of Codexis Inc (CDXS) have crossed above the average analyst 12-month target price of $7.38, changing hands for $7.85/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..