Mimecast Limited (MIME): Raising PT Ahead Of Earnings - Oppenheimer

November 7, 2016 6:21 AM EST
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
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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 $25 from $20 based on increasing confidence in MIME's longterm prospects.

MIME is scheduled to report on 11/9 and the analyst expects solid results, based on the belief that MIME's solutions are "competitively compelling" and his view that industry demand is strong. Proprietary channel checks and anecdotal industry evidence including: PFPT's positive 3Q performance, outlook, and commentary confirm and coincide with this belief.

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 $18.90 yesterday.

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