CLDR Crosses Above Average Analyst Target
December 23, 2019 at 09:40 AM EST
In recent trading, shares of Cloudera Inc (CLDR) have crossed above the average analyst 12-month target price of $11.31, changing hands for $11.37/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..