Smith Micro Software Reaches Analyst Target Price
July 29, 2019 at 08:32 AM EDT
In recent trading, shares of Smith Micro Software Inc (SMSI) have crossed above the average analyst 12-month target price of $5.50, changing hands for $5.75/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..