ATHM Crosses Above Average Analyst Target
July 10, 2020 at 08:27 AM EDT
In recent trading, shares of Autohome Inc (ATHM) have crossed above the average analyst 12-month target price of $87.90, changing hands for $87.98/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..