FireEye Given a $60.00 Price Target at Bank of America Corp. (FEYE)
Investment analysts at Bank of America Corp. set a $60.00 price objective on shares of FireEye (NASDAQ:FEYE) stock in a note issued to investors on Friday, American Banking and Market News reports. Bank of America Corp.’s price target would suggest a potential upside of 45.88% from the stock’s previous close.
Shares of FireEye (NASDAQ:FEYE) opened at 41.13 on Friday. FireEye has a 1-year low of $33.30 and a 1-year high of $44.89. The stock has a 50-day moving average of $38.34 and a 200-day moving average of $39.13. The company’s market cap is $4.969 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.28) by $0.07. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $39.80 million. The company’s revenue for the quarter was up 95.0% on a year-over-year basis. Analysts expect that FireEye will post $-3.16 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FEYE. Analysts at Nomura reiterated a “positive” rating on shares of FireEye in a research note to investors on Friday. Separately, analysts at Wedbush initiated coverage on shares of FireEye in a research note to investors on Thursday, December 19th. They set a “neutral” rating and a $42.00 price target on the stock. Finally, analysts at Stephens initiated coverage on shares of FireEye in a research note to investors on Tuesday, December 17th. They set an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.06.
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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