NTGR Crosses Above Average Analyst Target
August 02, 2016 at 09:04 AM EDT
In recent trading, shares of Netgear Inc (NTGR) have crossed above the average analyst 12-month target price of $52.20, changing hands for $52.84/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..