MTCH Crosses Above Average Analyst Target
September 23, 2016 at 09:58 AM EDT
In recent trading, shares of Match Group Inc (MTCH) have crossed above the average analyst 12-month target price of $17.44, changing hands for $17.62/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..