GLUU Crosses Above Average Analyst Target
October 12, 2017 at 09:01 AM EDT
In recent trading, shares of Glu Mobile Inc (GLUU) have crossed above the average analyst 12-month target price of $3.61, changing hands for $3.80/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..