SPLK Crosses Above Average Analyst Target
November 22, 2017 at 09:17 AM EST
In recent trading, shares of Splunk Inc (SPLK) have crossed above the average analyst 12-month target price of $82.48, changing hands for $83.78/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..