Sumo Logic Reaches Analyst Target Price
February 03, 2023 at 07:49 AM EST
In recent trading, shares of Sumo Logic Inc (SUMO) have crossed above the average analyst 12-month target price of $12.14, changing hands for $12.15/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..