Oracle Reaches Analyst Target Price
June 23, 2017 at 09:21 AM EDT
In recent trading, shares of Oracle Corp (ORCL) have crossed above the average analyst 12-month target price of $48.81, changing hands for $50.30/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..