Mimecast Limited (MIME): Raising PT - Oppenheimer

September 1, 2016 6:40 AM EDT
Get Alerts MIME Hot Sheet
Price: $21.22 +3.56%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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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.

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