HDP Crosses Above Average Analyst Target
September 17, 2018 at 07:51 AM EDT
In recent trading, shares of Hortonworks Inc (HDP) have crossed above the average analyst 12-month target price of $25.27, changing hands for $25.50/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..