LOGM Crosses Above Average Analyst Target
July 28, 2016 at 08:11 AM EDT
In recent trading, shares of LogMeIn Inc (LOGM) have crossed above the average analyst 12-month target price of $70.50, changing hands for $83.62/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..