SUMO Crosses Above Average Analyst Target
December 07, 2020 at 09:09 AM EST
In recent trading, shares of Sumo Logic Inc (SUMO) have crossed above the average analyst 12-month target price of $28.29, changing hands for $30.11/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..