Matador Resources Reaches Analyst Target Price
May 01, 2020 at 08:54 AM EDT
In recent trading, shares of Matador Resources Co (MTDR) have crossed above the average analyst 12-month target price of $6.88, changing hands for $7.04/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..