NOV Reaches Analyst Target Price
January 12, 2021 at 07:58 AM EST
In recent trading, shares of NOV Inc (NOV) have crossed above the average analyst 12-month target price of $15.30, changing hands for $15.36/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..