Proofpoint Given New $34.00 Price Target at Imperial Capital (PFPT)
Equities research analysts at Imperial Capital raised their price target on shares of Proofpoint (NASDAQ:PFPT) from $33.00 to $34.00 in a research note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price points to a potential upside of 11.00% from the company’s current price.
Shares of Proofpoint (NASDAQ:PFPT) traded down 0.62% during mid-day trading on Thursday, hitting $30.44. 16,620 shares of the company’s stock traded hands. Proofpoint has a 52 week low of $9.77 and a 52 week high of $33.15. The stock’s 50-day moving average is $30.07 and its 200-day moving average is $23.43. The company’s market cap is $1.075 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Proofpoint (NASDAQ:PFPT) in a research note to investors on Wednesday. They now have a $35.00 price target on the stock, up previously from $32.00. Separately, analysts at RBC Capital reiterated a “buy” rating on shares of Proofpoint (NASDAQ:PFPT) in a research note to investors on Monday, August 19th. They now have a $26.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Proofpoint (NASDAQ:PFPT) from $29.00 to $34.00 in a research note to investors on Monday, August 19th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and an average target price of $26.94.
Proofpoint, Inc (NASDAQ:PFPT) is a security-as-a-service vendor that delivers data protection solutions, which helps medium- and large-sized organizations worldwide.
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