TIBCO Software Given New $30.00 Price Target at Macquarie (TIBX)
Macquarie lifted their price objective on shares of TIBCO Software (NASDAQ:TIBX) from $26.00 to $30.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 18.81% from the company’s current price.
TIBX has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $21.00 to $25.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of TIBCO Software (NASDAQ:TIBX) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. They now have a $28.00 price target on the stock, up previously from $21.00. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of TIBCO Software (NASDAQ:TIBX) in a research note to investors on Friday, July 12th. They now have a $28.00 price target on the stock, up previously from $25.00.
Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.33.
Shares of TIBCO Software (NASDAQ:TIBX) traded up 5.11% during mid-day trading on Friday, hitting $26.54. The stock had a trading volume of 6,075,441 shares. TIBCO Software has a 1-year low of $18.18 and a 1-year high of $31.57. The stock has a 50-day moving average of $23.77 and a 200-day moving average of $22.04. The company has a market cap of $4.270 billion and a price-to-earnings ratio of 45.83. TIBCO Software also saw unusually large options trading activity on Thursday. Stock investors acquired 41,474 call options on the stock. This is an increase of 775% compared to the typical volume of 4,740 call options.
TIBCO Software (NASDAQ:TIBX) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $270.90 million for the quarter, compared to the consensus estimate of $258.21 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that TIBCO Software will post $0.98 EPS for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.