CGEM Crosses Above Average Analyst Target
March 02, 2021 at 09:11 AM EST
In recent trading, shares of Cullinan Management Inc (CGEM) have crossed above the average analyst 12-month target price of $47.00, changing hands for $48.39/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..