STX Crosses Above Average Analyst Target
August 16, 2016 at 07:51 AM EDT
In recent trading, shares of Seagate Technology plc (STX) have crossed above the average analyst 12-month target price of $31.94, changing hands for $32.00/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..