MPWR Crosses Above Average Analyst Target
January 24, 2017 at 09:20 AM EST
In recent trading, shares of Monolithic Power Systems Inc (MPWR) have crossed above the average analyst 12-month target price of $88.20, changing hands for $88.33/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..