AUDC Crosses Above Average Analyst Target
July 20, 2020 at 10:11 AM EDT
In recent trading, shares of AudioCodes Ltd (AUDC) have crossed above the average analyst 12-month target price of $36.67, changing hands for $37.71/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..