ABNB Crosses Above Average Analyst Target
September 24, 2021 at 08:30 AM EDT
In recent trading, shares of Airbnb Inc (ABNB) have crossed above the average analyst 12-month target price of $174.50, changing hands for $175.13/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..