CARG Crosses Above Average Analyst Target
July 27, 2018 at 08:42 AM EDT
In recent trading, shares of CarGurus Inc (CARG) have crossed above the average analyst 12-month target price of $40.33, changing hands for $40.92/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..