Citrix Systems Price Target Increased to $78.00 by Analysts at UBS AG (CTXS)
Stock analysts at UBS AG upped their price target on shares of Citrix Systems (NASDAQ:CTXS) from $77.00 to $78.00 in a report issued on Monday, Stock Ratings News reports. The firm currently has an “overweight” rating on the stock. UBS AG’s target price points to a potential upside of 10.67% from the stock’s previous close.
Shares of Citrix Systems (NASDAQ:CTXS) traded up 0.61% on Monday, hitting $70.91. The stock had a trading volume of 871,175 shares. Citrix Systems has a 52 week low of $56.57 and a 52 week high of $77.16. The stock’s 50-day moving average is $72.10 and its 200-day moving average is $67.82. The company has a market cap of $13.287 billion and a price-to-earnings ratio of 42.20.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $710.19 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $3.09 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital upgraded shares of Citrix Systems from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $78.00 price target on the stock, up previously from $77.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Thursday, September 19th. They now have a $79.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Citrix Systems from $78.00 to $84.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $79.44.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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