IRBT Crosses Above Average Analyst Target
October 04, 2017 at 09:21 AM EDT
In recent trading, shares of iRobot Corp (IRBT) have crossed above the average analyst 12-month target price of $79.50, changing hands for $79.61/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..