Runway Growth Finance Reaches Analyst Target Price
May 07, 2024 at 07:03 AM EDT
In recent trading, shares of Runway Growth Finance Corp (RWAY) have crossed above the average analyst 12-month target price of $13.09, changing hands for $13.20/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..