IOT Crosses Above Average Analyst Target
June 05, 2023 at 08:07 AM EDT
In recent trading, shares of Samsara Inc (IOT) have crossed above the average analyst 12-month target price of $23.30, changing hands for $24.31/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..