NMRK Crosses Above Average Analyst Target
November 10, 2020 at 11:35 AM EST
In recent trading, shares of Newmark Group Inc (NMRK) have crossed above the average analyst 12-month target price of $5.90, changing hands for $6.63/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..