Evercore ISI Upgrades Juniper Networks (JNPR) to Outperform

March 30, 2023 5:59 AM EDT
Get Alerts JNPR Hot Sheet
Price: $29.51 --0%

Rating Summary:
    22 Buy, 22 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 12
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(Updated - March 30, 2023 6:00 AM EDT)

Evercore ISI analyst Amit Daryanani upgraded Juniper Networks (NYSE: JNPR) from In Line to Outperform with a price target of $38.00 (from $34.00).

The analyst ocmments "Net/net: While macro remains challenging JNPR should see top-line stability driven by healthy backlog ($2.0B+) and Mist/Enterprise ramps. The bigger upside lever should be expanding GM/EBIT margins through CY23 and beyond that could peg EPS run-rate at $3.00+ in CY24. Upgrade to Outperform and taking target to $38 (~15x our CY24 EPS). BULL Case to $45 with downside to $28 making this an attractive mid-cap value name to own."

For an analyst ratings summary and ratings history on Juniper Networks click here. For more ratings news on Juniper Networks click here.

Shares of Juniper Networks closed at $33.37 yesterday.

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