Iridium Communications Reaches Analyst Target Price
October 30, 2017 at 09:28 AM EDT
In recent trading, shares of Iridium Communications Inc (IRDM) have crossed above the average analyst 12-month target price of $12.19, changing hands for $12.70/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..