CEVA Crosses Above Average Analyst Target
July 19, 2016 at 08:14 AM EDT
In recent trading, shares of Ceva Inc (CEVA) have crossed above the average analyst 12-month target price of $29.17, changing hands for $29.59/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..