Juniper Networks Price Target Increased to $24.00 by Analysts at MKM Partners (JNPR)
MKM Partners boosted their price objective on shares of Juniper Networks (NYSE:JNPR) from $23.00 to $24.00 in a research note issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target suggests a potential upside of 13.42% from the stock’s previous close.
Shares of Juniper Networks (NYSE:JNPR) traded down 1.17% during mid-day trading on Thursday, hitting $21.16. The stock had a trading volume of 3,687,756 shares. Juniper Networks has a one year low of $15.62 and a one year high of $22.98. The stock has a 50-day moving average of $20.76 and a 200-day moving average of $19.19. The company has a market cap of $10.725 billion and a P/E ratio of 36.91.
A number of other firms have also recently commented on JNPR. Analysts at RBC Capital downgraded shares of Juniper Networks (NYSE:JNPR) from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Deutsche Bank raised their price target on shares of Juniper Networks (NYSE:JNPR) from $17.00 to $19.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Juniper Networks (NYSE:JNPR) from $18.00 to $20.00 in a research note to investors on Wednesday, July 24th. They now have a “neutral” rating on the stock.
Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Juniper Networks currently has a consensus rating of “Hold” and an average target price of $21.31.
Juniper Networks, Inc designs, develops and sells products and services that together provide its customers with network infrastructure that creates responsive and trusted environments for accelerating the deployment of services and applications over a single network.
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