MobileIron (MOBL) Receives Price Target

MobileIron (MOBL) : The highest level MobileIron (MOBL) is projected to reach is $7 for the short term and the lowest estimate is at $3. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $4.6 and the possibility the share price can swing is $1.47.

MobileIron (MOBL) : 5 analysts are covering MobileIron (MOBL) and their average rating on the stock is 2.8, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MobileIron (MOBL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, In the latest statement by the brokerage house, Barclays downgrades its outlook on MobileIron (NASDAQ:MOBL). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The brokerage firm lowers the price target from $6 per share to $3 per share. The rating by the firm was issued on July 15, 2016.

MobileIron (NASDAQ:MOBL): The stock was completely flat for the day, closing at $3.01 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $3.00, the stock touched an intraday high of $3.05 and a low of $2.97. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.01. The total trading volume on Thursday was 237,919.

MobileIron, Inc., formerly Mobile Iron, Inc., provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, or apps, content and devices while providing their employees with device choice, privacy and a native user experience. The Company has introduced new products and functionality to address the management and security of mobile applications and content, and has extended its solution to a cloud offering to enable deployment flexibility for its customers. The Companys platform enables four areas of functionality, which include Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM) and Advanced Services. It focuses on customers of all sizes across a range of industries, including financial services, government, healthcare, legal, manufacturing, professional services, retail, technology and telecommunications.

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