VRM Crosses Above Average Analyst Target
September 02, 2020 at 09:06 AM EDT
In recent trading, shares of Vroom Inc (VRM) have crossed above the average analyst 12-month target price of $69.67, changing hands for $73.87/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..