Mimecast Limited (MIME): Raising PT - Oppenheimer

September 1, 2016 6:40 AM EDT
Get Alerts MIME Hot Sheet
Price: $21.42 -4.25%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade MIME Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Oppenheimer analyst, Shaul Eyal, reiterated his Outperform rating on shares of Mimecast Limited (NASDAQ: MIME) and raised his price target to $20 from $15 based on "increasing confidence in MIME's long-term prospects". The analyst stated "MIME's strong June-quarter performance demonstrated the underlying strength of the company's model".

The new price target is based on 4.3x new FY19E revenue of $255M.

For an analyst ratings summary and ratings history on Mimecast Limited click here. For more ratings news on Mimecast Limited click here.

Shares of Mimecast Limited closed at $16.44 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Add Your Comment