IQ Crosses Above Average Analyst Target
December 09, 2019 at 08:43 AM EST
In recent trading, shares of iQIYI Inc (IQ) have crossed above the average analyst 12-month target price of $20.27, changing hands for $20.29/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..