Mimecast's (MIME) Price Target Raised to $16 at Dougherty

August 9, 2016 10:42 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
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Dougherty & Co maintained a Buy rating on Mimecast Limited (NASDAQ: MIME) and raised its price target to $16.00 (from $12.00). Analyst Catharine Trebnick called Q1 results a "clean beat."

"Overall the print was broadly better than expected, and we believe there is still more room to run due to their numerous catalysts. Based on the strong results, we reiterate our "Buy" rating and are increasing our PT to $16 (from $12)," said Trebnick.

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 $12.64 yesterday.

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