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Stock analysts at Evercore Partners cut their target price on shares of Citrix Systems (NASDAQ:CTXS) from $68.00 to $65.00 in a report issued on Thursday, Analyst RN reports. Evercore Partners’ target price indicates a potential upside of 21.97% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest downgraded shares of Citrix Systems from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $85.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Citrix Systems from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $58.00 price target on the stock, down previously from $70.00. Finally, analysts at Deutsche Bank downgraded shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 22nd. They now have a $60.00 price target on the stock, down previously from $75.00. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $70.12.

Shares of Citrix Systems (NASDAQ:CTXS) traded down 7.48% on Thursday, hitting $53.29. 18,145,012 shares of the company’s stock traded hands. Citrix Systems has a 1-year low of $54.52 and a 1-year high of $77.16. The stock has a 50-day moving average of $60.26 and a 200-day moving average of $64.46. The company has a market cap of $9.933 billion and a P/E ratio of 34.70.

Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.06. The company had revenue of $802.00 million for the quarter, compared to the consensus estimate of $805.39 million. During the same quarter last year, the company posted $0.90 earnings per share. Citrix Systems’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Citrix Systems will post $3.35 EPS for the current fiscal year.

Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.

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