NVEI Crosses Above Average Analyst Target
June 27, 2024 at 06:34 AM EDT
In recent trading, shares of Nuvei Corp (NVEI) have crossed above the average analyst 12-month target price of $32.28, changing hands for $32.31/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..