Qudian Reaches Analyst Target Price
May 23, 2019 at 08:06 AM EDT
In recent trading, shares of Qudian Inc (QD) have crossed above the average analyst 12-month target price of $7.50, changing hands for $7.60/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..