IHRT Crosses Above Average Analyst Target
June 25, 2021 at 08:53 AM EDT
In recent trading, shares of iHeartMedia Inc (IHRT) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.93/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..