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Shares of Viavi Solutions Inc (Symbol: VIAV) have recently surpassed the average analyst 12-month target price of $14.62, trading at $17.10 per share. This shift prompts analysts to either downgrade their valuations or raise their target prices, depending on recent business developments.
The average target is based on contributions from eight analysts, with projections ranging from $12.00 to $17.00. Currently, there are five strong buy ratings, one buy rating, and three hold ratings. The average rating is 1.78, on a scale where 1 is strong buy and 5 is strong sell.
The standard deviation of analyst targets for Viavi is $1.767, indicating varying levels of confidence regarding the stock’s future performance.
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