Electrameccanica Vehicles Reaches Analyst Target Price
January 13, 2021 at 10:38 AM EST
In recent trading, shares of Electrameccanica Vehicles Corp (SOLO) have crossed above the average analyst 12-month target price of $8.19, changing hands for $8.87/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..