TDUP Crosses Above Average Analyst Target
May 13, 2021 at 09:23 AM EDT
In recent trading, shares of ThredUp Inc (TDUP) have crossed above the average analyst 12-month target price of $19.83, changing hands for $20.04/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..