Acacia Communications Reaches Analyst Target Price
November 05, 2018 at 08:14 AM EST
In recent trading, shares of Acacia Communications Inc (ACIA) have crossed above the average analyst 12-month target price of $43.29, changing hands for $44.75/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..