RKT Crosses Above Average Analyst Target
March 03, 2021 at 09:05 AM EST
In recent trading, shares of Rocket Companies Inc (RKT) have crossed above the average analyst 12-month target price of $25.67, changing hands for $41.60/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..