RYTM Crosses Above Average Analyst Target
January 25, 2021 at 08:21 AM EST
In recent trading, shares of Rhythm Pharmaceuticals Inc (RYTM) have crossed above the average analyst 12-month target price of $37.00, changing hands for $39.49/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..