SACH Crosses Above Average Analyst Target
March 28, 2024 at 09:05 AM EDT
In recent trading, shares of Sachem Capital Corp (SACH) have crossed above the average analyst 12-month target price of $4.42, changing hands for $4.46/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..