Zacks Upgrades SolarWinds to “Neutral” (SWI)
SolarWinds (NYSE:SWI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday, American Banking News.com reports. The firm currently has a $40.90 target price on the stock. Zacks‘ price target would suggest a potential upside of 2.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of SolarWinds in a research note to investors on Wednesday, January 22nd. They set a “hold” rating and a $40.00 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of SolarWinds from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $45.00 price target on the stock, up previously from $38.00. Finally, analysts at JMP Securities initiated coverage on shares of SolarWinds in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. SolarWinds presently has a consensus rating of “Hold” and an average target price of $41.81.
Shares of SolarWinds (NYSE:SWI) traded down 0.50% on Wednesday, hitting $39.66. 490,967 shares of the company’s stock traded hands. SolarWinds has a 1-year low of $31.94 and a 1-year high of $61.52. The stock’s 50-day moving average is $38.17 and its 200-day moving average is $37.05. The company has a market cap of $2.980 billion and a price-to-earnings ratio of 33.50.
SolarWinds, Inc (NYSE:SWI) designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.
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