Adesto Technologies Corp Reaches Analyst Target Price
August 08, 2019 at 09:15 AM EDT
In recent trading, shares of Adesto Technologies Corp (IOTS) have crossed above the average analyst 12-month target price of $9.10, changing hands for $9.25/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..