CLBT Crosses Above Average Analyst Target
February 16, 2024 at 07:53 AM EST
In recent trading, shares of Cellebrite DI Ltd (CLBT) have crossed above the average analyst 12-month target price of $10.00, changing hands for $10.74/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..