RXO Reaches Analyst Target Price
March 22, 2024 at 07:32 AM EDT
In recent trading, shares of RXO Inc (RXO) have crossed above the average analyst 12-month target price of $20.32, changing hands for $20.60/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..