VRSN Crosses Above Average Analyst Target
March 14, 2017 at 09:17 AM EDT
In recent trading, shares of Verisign Inc (VRSN) have crossed above the average analyst 12-month target price of $86.33, changing hands for $86.34/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..