Veralto Reaches Analyst Target Price
May 16, 2024 at 07:41 AM EDT
In recent trading, shares of Veralto Corp (VLTO) have crossed above the average analyst 12-month target price of $97.40, changing hands for $98.90/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..