Redbox Entertainment Reaches Analyst Target Price
May 27, 2022 at 08:42 AM EDT
In recent trading, shares of Redbox Entertainment Inc (RDBX) have crossed above the average analyst 12-month target price of $6.88, changing hands for $7.55/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..