DMRC Crosses Above Average Analyst Target
May 03, 2019 at 08:26 AM EDT
In recent trading, shares of Digimarc Corp (DMRC) have crossed above the average analyst 12-month target price of $41.67, changing hands for $47.92/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..