Hibbett Reaches Analyst Target Price
July 01, 2021 at 08:26 AM EDT
In recent trading, shares of Hibbett Inc (HIBB) have crossed above the average analyst 12-month target price of $89.00, changing hands for $89.63/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..