NVTS Crosses Above Average Analyst Target
May 23, 2023 at 07:25 AM EDT
In recent trading, shares of Navitas Semiconductor Corp (NVTS) have crossed above the average analyst 12-month target price of $8.67, changing hands for $9.16/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..