Great Ajax Reaches Analyst Target Price
October 18, 2019 at 08:09 AM EDT
In recent trading, shares of Great Ajax Corp (AJX) have crossed above the average analyst 12-month target price of $15.67, changing hands for $15.79/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..