NOW Crosses Above Average Analyst Target
May 23, 2017 at 09:18 AM EDT
In recent trading, shares of ServiceNow Inc (NOW) have crossed above the average analyst 12-month target price of $101.12, changing hands for $101.70/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..