Best Buy Reaches Analyst Target Price
July 29, 2016 at 07:45 AM EDT
In recent trading, shares of Best Buy Inc (BBY) have crossed above the average analyst 12-month target price of $33.27, changing hands for $33.28/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..