Infoblox Reaches Analyst Target Price
August 16, 2016 at 07:30 AM EDT
In recent trading, shares of Infoblox Inc (BLOX) have crossed above the average analyst 12-month target price of $19.92, changing hands for $20.05/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..