Boingo Wireless PT Raised to $10.00 at DA Davidson (WIFI)
Equities research analysts at DA Davidson raised their price target on shares of Boingo Wireless (NASDAQ:WIFI) from $8.00 to $10.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 51.52% from the company’s current price.
Shares of Boingo Wireless (NASDAQ:WIFI) opened at 6.60 on Tuesday. Boingo Wireless has a 52-week low of $5.06 and a 52-week high of $7.43. The stock’s 50-day moving average is $6.44 and its 200-day moving average is $6.51. The company’s market cap is $236.3 million.
Boingo Wireless (NASDAQ:WIFI) last released its earnings data on Thursday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $28.40 million for the quarter, compared to the consensus estimate of $27.91 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Boingo Wireless will post $-0.37 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WIFI. Analysts at TheStreet downgraded shares of Boingo Wireless from a “hold” rating to a “sell” rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a sell rating and two have given a buy rating to the company. Boingo Wireless currently has a consensus rating of “Hold” and an average target price of $8.20.
Boingo Wireless, Inc (NASDAQ:WIFI) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.
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