Centennial Resource Development Reaches Analyst Target Price
October 04, 2021 at 09:00 AM EDT
In recent trading, shares of Centennial Resource Development Inc (CDEV) have crossed above the average analyst 12-month target price of $6.75, changing hands for $7.02/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..