ADBE Crosses Above Average Analyst Target
October 20, 2017 at 08:37 AM EDT
In recent trading, shares of Adobe Systems Inc (ADBE) have crossed above the average analyst 12-month target price of $162.90, changing hands for $171.73/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..