Owlet Reaches Analyst Target Price
May 24, 2022 at 07:21 AM EDT
In recent trading, shares of Owlet Inc (OWLT) have crossed above the average analyst 12-month target price of $3.75, changing hands for $3.76/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..