Proofpoint (PFPT) Tops Q4 EPS by 5c, Offers Q1 & FY Guidance

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Proofpoint (PFPT) PT Raised to $90 at Wedbush; Accumulate on Any Pullback

January 27, 2017 6:51 AM EST

Wedbush raised its price target on Proofpoint (NASDAQ: PFPT) to $90.00 (from $87.00) while maintaining a Outperform rating following results. The analyst is telling clients to use any pullback to accumulate.

Analyst Steve Koenig commented, "PFPTs visibility, sales execution, and product differentiation contribute to its... More