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Analysts at Morgan Stanley started coverage on shares of Mobileiron (NASDAQ:MOBL) in a research report issued to clients and investors on Monday. The firm set an “overweight” rating and a $13.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 21.04% from the company’s current price.

The analysts wrote, “MobileIron provides a platform allowing enterprises to secure, manage, and deliver applications and data to any mobile device, while maintaining a native user experience for employees. A competitive market and early commoditization of basic device management functionality has investors wary of the sustainability of growth. “However, as enterprises move from the simpler enablement and management of mobile devices towards more strategic uses of this emerging compute platform to drive increased productivity and differentiation, MobileIron’s 1) leading technology, 2) large installed base of >6,000 customers, and 3) expanding ecosystem of partners/apps should enable sustained pricing and strong revenue growth (35% CAGR thru CY16).”

Mobileiron (NASDAQ:MOBL) traded down 1.68% on Monday, hitting $10.56. 37,362 shares of the company’s stock traded hands. Mobileiron has a 52-week low of $8.89 and a 52-week high of $11.74. The stock has a 50-day moving average of $10. and a 200-day moving average of $10.. The company’s market cap is $788.3 million.

Mobileiron Inc, formerly Mobile Iron, Inc, provides security and management solutions for mobile applications, content, and devices.

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