Zai Lab Reaches Analyst Target Price
September 17, 2020 at 08:20 AM EDT
In recent trading, shares of Zai Lab Ltd (ZLAB) have crossed above the average analyst 12-month target price of $81.67, changing hands for $82.61/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..