Mohawk Group Holdings Reaches Analyst Target Price
December 29, 2020 at 08:10 AM EST
In recent trading, shares of Mohawk Group Holdings Inc (MWK) have crossed above the average analyst 12-month target price of $18.00, changing hands for $18.19/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..