Proofpoint (PFPT) Receives Price Target

Proofpoint (PFPT) : Average target price received by Proofpoint (PFPT) is $80.87 with an expected standard deviation of $10.69. The most aggressive target on the stock is $100, whereas the most downbeat target is $52. 15 financial analysts are currently covering the stock.

Proofpoint (PFPT) : The consensus on Proofpoint (PFPT) based on 19 analyst recommendation on the company stock is 1.26, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 15 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In the latest statement by the brokerage house, Summit Redstone Partners assumes its outlook on Proofpoint (NASDAQ:PFPT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $90 per share. The rating by the firm was issued on August 16, 2016.

Proofpoint (NASDAQ:PFPT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.83 and $76.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.19, notching a gain of 1.61% for the day. The total traded volume was 644,903 . The stock had closed at $76.95 on the previous day.

Proofpoint, Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Companys security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection, Proofpoint Enterprise Privacy, Proofpoint Enterprise Archive & Governance, Proofpoint Nexgate Social Media Security & Compliance, and Proofpoint Essentials. Its platforms services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.

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