CBLK Crosses Above Average Analyst Target
July 12, 2019 at 08:24 AM EDT
In recent trading, shares of Carbon Black Inc (CBLK) have crossed above the average analyst 12-month target price of $18.00, changing hands for $18.32/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..