Citigroup Inc. Initiates Coverage on Forescout Tech (FSCT)
Analysts at Citigroup Inc. started coverage on shares of Forescout Tech (NASDAQ:FSCT) in a research note issued on Tuesday. The brokerage set a “neutral” rating and a $27.00 price target on the stock. Citigroup Inc.’s target price points to a potential upside of 0.22% from the company’s previous close.
Several other equities analysts have also recently weighed in on the stock. UBS AG initiated coverage on shares of Forescout Tech in a research note on Monday. They set a “buy” rating and a $30.00 target price for the company. J P Morgan Chase & Co initiated coverage on shares of Forescout Tech in a research note on Tuesday. They set an “overweight” rating and a $33.00 target price for the company. Finally, KeyCorp initiated coverage on shares of Forescout Tech in a research note on Tuesday. They set an “overweight” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Forescout Tech currently has an average rating of “Buy” and an average target price of $30.20.
Forescout Tech (NASDAQ:FSCT) traded up $1.39 on Tuesday, reaching $26.94. 230,500 shares of the company traded hands, compared to its average volume of 163,731. Forescout Tech has a 52 week low of $24.01 and a 52 week high of $27.00.
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ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.
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