Barclays Initiates Coverage on FireEye (FEYE)
Research analysts at Barclays started coverage on shares of FireEye (NASDAQ:FEYE) in a report released on Tuesday, Analyst Ratings News reports. The firm set an “equal weight” rating and a $45.00 price target on the stock. Barclays’ price target would indicate a potential upside of 8.30% from the company’s current price.
FireEye (NASDAQ:FEYE) traded down 1.85% on Tuesday, hitting $40.78. The stock had a trading volume of 392,092 shares. FireEye has a 52 week low of $35.25 and a 52 week high of $44.89. The stock has a 50-day moving average of $40.24 and a 200-day moving average of $40.24. The company’s market cap is $4.790 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG initiated coverage on shares of FireEye in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of FireEye in a research note to investors on Tuesday. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of FireEye in a research note to investors on Tuesday. They set an “overweight” rating and a $50.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.93.
FireEye, Inc invented a purpose-built, virtual machine-based security platform that provides real-time protection to enterprises and governments worldwide against the next generation of cyber attacks.
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