loanDepot Reaches Analyst Target Price
March 04, 2024 at 07:27 AM EST
In recent trading, shares of loanDepot Inc (LDI) have crossed above the average analyst 12-month target price of $2.57, changing hands for $2.76/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..