MCG Crosses Above Average Analyst Target
February 06, 2023 at 07:46 AM EST
In recent trading, shares of Membership Collective Group Inc (MCG) have crossed above the average analyst 12-month target price of $6.67, changing hands for $6.75/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..