SE Crosses Above Average Analyst Target
April 29, 2019 at 08:28 AM EDT
In recent trading, shares of Sea Ltd (SE) have crossed above the average analyst 12-month target price of $25.20, changing hands for $25.55/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..