MOLN Crosses Above Average Analyst Target
June 21, 2024 at 06:13 AM EDT
In recent trading, shares of Molecular Partners AG (MOLN) have crossed above the average analyst 12-month target price of $8.37, changing hands for $11.01/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..