Nine Energy Service Reaches Analyst Target Price
December 30, 2020 at 07:49 AM EST
In recent trading, shares of Nine Energy Service Inc (NINE) have crossed above the average analyst 12-month target price of $2.89, changing hands for $2.92/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..