AMGN Crosses Above Average Analyst Target
May 10, 2021 at 09:18 AM EDT
In recent trading, shares of Amgen Inc (AMGN) have crossed above the average analyst 12-month target price of $251.56, changing hands for $254.21/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..