iRobot Reaches Analyst Target Price
December 13, 2017 at 09:02 AM EST
In recent trading, shares of iRobot Corp (IRBT) have crossed above the average analyst 12-month target price of $68.25, changing hands for $70.40/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..