LOB Crosses Above Average Analyst Target
November 06, 2020 at 09:41 AM EST
In recent trading, shares of Live Oak Bancshares Inc (LOB) have crossed above the average analyst 12-month target price of $40.00, changing hands for $40.75/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..