Share on StockTwits
 

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.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.