MNTK Crosses Above Average Analyst Target
May 24, 2023 at 06:44 AM EDT
In recent trading, shares of Montauk Renewables Inc (MNTK) have crossed above the average analyst 12-month target price of $6.83, changing hands for $6.90/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..