Proofpoint (PFPT) Tops Q3 EPS by 7c, Beats on Revenues; FY17 EPS/Revenue Guidance Above Consensus, FY18 EPS/Revenue Mid-Point Guidance Below Consensus

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Proofpoint (PFPT) PT Raised to $79 at Goldman Sachs

October 20, 2017 6:36 AM EDT

Goldman Sachs raised its price target on Proofpoint (NASDAQ: PFPT) to $79.00 (from $76.00) while maintaining a Sell rating.

Analyst Gabriela Borges remains negative noting the next leg of share gain my become harder to come by with lacking incremental investment.

FY 2017 EPS estimate rises... More

Proofpoint (PFPT) PT Raised to $105 at Piper Jaffray

October 20, 2017 5:13 AM EDT

Piper Jaffray raised its price target on Proofpoint (NASDAQ: PFPT) to $105.00 (from $100.00) while maintaining a Overweight rating.

Analyst Andrew Nowinski likes the quarter report and adjusts which drives the target higher. The analyst cautions the key competitive to the company is Microsoft (NASDAQ:... More