ESAB Crosses Above Average Analyst Target
February 07, 2024 at 06:55 AM EST
In recent trading, shares of ESAB Corp (ESAB) have crossed above the average analyst 12-month target price of $88.50, changing hands for $88.71/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..