Western Alliance Bancorporation Reaches Analyst Target Price
October 25, 2021 at 10:43 AM EDT
In recent trading, shares of Western Alliance Bancorporation (WAL) have crossed above the average analyst 12-month target price of $121.10, changing hands for $122.02/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..