FireEye PT Raised to $65.00 at Barclays (FEYE)
Research analysts at Barclays increased their price target on shares of FireEye (NASDAQ:FEYE) from $56.00 to $65.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 12.26% from the company’s current price.
FireEye (NASDAQ:FEYE) last released its earnings data on Thursday, November 7th. The company reported ($1.21) earnings per share for the quarter, beating the analysts’ 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. FireEye’s revenue was up 95.0% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. set a $60.00 price target on shares of FireEye in a research note to investors on Friday, January 3rd. Separately, analysts at Nomura reiterated a “positive” rating on shares of FireEye in a research note to investors on Friday, January 3rd. They now have a $51.00 price target on the stock, down previously from $65.00. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. FireEye presently has an average rating of “Hold” and an average target price of $48.56.
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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