HyreCar Reaches Analyst Target Price
July 29, 2021 at 09:13 AM EDT
In recent trading, shares of HyreCar Inc (HYRE) have crossed above the average analyst 12-month target price of $17.50, changing hands for $17.80/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..