In a note date September 7th, UBS analyst, Brent Thill upgraded shares of FireEye, Inc. FEYE from Neutral to Buy and Maintained a $40 price target.
Thil explained that with the stock down ~27 percent year-to-date, he sees "at least" 17 percent upside to the current levels. He also noted FireEye trades a a discount to peers despite a better growth profile.
Thill believes the stock will see upward revisions due to
Market News and Data brought to you by Benzinga APIs- Increased strength in an already robust demand
- Contributions from new products
- An improving strategic position in the sector
- An increased uptake in subscriptions and services
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in