PRCT Crosses Above Average Analyst Target
September 09, 2022 at 08:57 AM EDT
In recent trading, shares of PROCEPT BioRobotics Corp (PRCT) have crossed above the average analyst 12-month target price of $48.33, changing hands for $49.93/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..