Citrix Systems’s “Outperform” Rating Reaffirmed at Wells Fargo & Co. (CTXS)
Citrix Systems (NASDAQ:CTXS)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Co. in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. They currently have a $89.00 price objective on the stock. Wells Fargo & Co.’s price target would indicate a potential upside of 33.51% from the stock’s previous close.
Citrix Systems (NASDAQ:CTXS) opened at 66.66 on Thursday. Citrix Systems has a one year low of $56.57 and a one year high of $77.16. The stock has a 50-day moving average of $71.81 and a 200-day moving average of $67.71. The company has a market cap of $12.491 billion and a P/E ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue 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.
A number of other analysts have also recently weighed in on CTXS. Analysts at Stifel Nicolaus cut their price target on shares of Citrix Systems from $81.00 to $70.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Mizuho cut their price target on shares of Citrix Systems from $80.00 to $75.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Citrix Systems from $77.00 to $78.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Citrix Systems has an average rating of “Buy” and a consensus target price of $80.12.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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