Weibo Reaches Analyst Target Price
June 22, 2017 at 09:20 AM EDT
In recent trading, shares of Weibo Corp (WB) have crossed above the average analyst 12-month target price of $75.75, changing hands for $76.96/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..