TPVG Crosses Above Average Analyst Target
June 05, 2020 at 08:40 AM EDT
In recent trading, shares of TriplePoint Venture Growth BDC Corp (TPVG) have crossed above the average analyst 12-month target price of $10.91, changing hands for $10.94/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..