RHT Crosses Above Average Analyst Target
July 27, 2017 at 08:40 AM EDT
In recent trading, shares of Red Hat Inc (RHT) have crossed above the average analyst 12-month target price of $100.56, changing hands for $100.67/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..