Mimecast Reaches Analyst Target Price
March 12, 2018 at 10:15 AM EDT
In recent trading, shares of Mimecast Ltd (MIME) have crossed above the average analyst 12-month target price of $38.42, changing hands for $38.67/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..