Model N Reaches Analyst Target Price
August 08, 2019 at 09:12 AM EDT
In recent trading, shares of Model N, Inc (MODN) have crossed above the average analyst 12-month target price of $22.50, changing hands for $25.00/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..