AVLR Crosses Above Average Analyst Target
April 24, 2019 at 08:06 AM EDT
In recent trading, shares of Avalara Inc (AVLR) have crossed above the average analyst 12-month target price of $55.33, changing hands for $56.57/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..