Altera Given New $41.00 Price Target at Piper Jaffray Cos. (ALTR)
Piper Jaffray Cos. lifted their price target on shares of Altera (NYSE:ALTR) from $39.00 to $41.00 in a research note issued on Wednesday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray Cos.’s price objective indicates a potential upside of 23.75% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Altera from $34.00 to $32.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Altera from $36.00 to $34.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Altera from $33.00 to $32.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.23.
Altera (NYSE:ALTR) traded down 0.14% on Wednesday, hitting $33.13. The stock had a trading volume of 4,326,748 shares. Altera has a 52 week low of $29.59 and a 52 week high of $38.97. The stock has a 50-day moving average of $36.0 and a 200-day moving average of $34.20. The company has a market cap of $10.584 billion and a P/E ratio of 21.27.
Altera Corporation (NYSE:ALTR) is a semiconductor company.
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