GPMT Crosses Above Average Analyst Target
August 10, 2020 at 08:51 AM EDT
In recent trading, shares of Granite Point Mortgage Trust Inc (GPMT) have crossed above the average analyst 12-month target price of $7.12, changing hands for $7.26/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..