Carbonite PT Lowered to $13.00 (CARB)
Equities research analysts at Northland Capital Partners dropped their price objective on shares of Carbonite (NASDAQ:CARB) from $17.00 to $13.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective would indicate a potential upside of 28.59% from the stock’s previous close.
Carbonite (NASDAQ:CARB) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.09. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.40 million.
Separately, analysts at Canaccord Genuity downgraded shares of Carbonite from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $10.50 price target on the stock, down previously from $17.00. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.99.
Carbonite, Inc (NASDAQ:CARB) focuses on the development and marketing of personal computer backup software that enables users to backup, access, and restore data files online.
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