MultiPlan Reaches Analyst Target Price
June 22, 2021 at 11:53 AM EDT
In recent trading, shares of MultiPlan Corp (MPLN) have crossed above the average analyst 12-month target price of $9.17, changing hands for $9.35/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..