Barracuda Networks Reaches Analyst Target Price
July 14, 2016 at 15:52 PM EDT
In recent trading, shares of Barracuda Networks Inc (CUDA) have crossed above the average analyst 12-month target price of $20.11, changing hands for $20.22/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..