ACTG Crosses Above Average Analyst Target
November 23, 2016 at 08:59 AM EST
In recent trading, shares of Acacia Research Corp (ACTG) have crossed above the average analyst 12-month target price of $7.25, changing hands for $7.40/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..