Cavium Reaches Analyst Target Price
June 29, 2018 at 07:42 AM EDT
In recent trading, shares of Cavium Inc (CAVM) have crossed above the average analyst 12-month target price of $85.20, changing hands for $87.22/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..