IMMR Crosses Above Average Analyst Target
June 12, 2018 at 07:49 AM EDT
In recent trading, shares of Immersion Corp (IMMR) have crossed above the average analyst 12-month target price of $16.33, changing hands for $16.73/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..