Citrix Systems PT Raised to $72.00 (CTXS)
Equities researchers at Jefferies Group hoisted their price objective on shares of Citrix Systems (NASDAQ:CTXS) from $70.00 to $72.00 in a research report issued on Friday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 19.74% from the stock’s previous close.
CTXS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Friday, January 3rd. They now have a $66.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Citrix Systems from $70.00 to $74.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Citrix Systems in a research note to investors on Wednesday, December 4th. They set a “market perform” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. Citrix Systems currently has an average rating of “Buy” and a consensus target price of $75.00.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.01. The company had revenue of $712.70 million for the quarter, compared to the consensus estimate of $712.00 million. During the same quarter last year, the company posted $0.68 earnings per share. Citrix Systems’s revenue was up 11.1% compared to the same quarter last year.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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