Resonant Reaches Analyst Target Price
January 08, 2021 at 09:01 AM EST
In recent trading, shares of Resonant Inc (RESN) have crossed above the average analyst 12-month target price of $3.83, changing hands for $3.91/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..