Carbonite (CARB) Tops Q2 EPS by 6c

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Carbonite (CARB) PT Raised to $40 at Oppenheimer

August 3, 2018 9:29 AM EDT

Oppenheimer raised its price target on Carbonite (NASDAQ: CARB) to $40.00 (from $35.00) while maintaining an Outperform rating.

Analyst Brian Schwartz commented, "Consistent with the company's positive pre-announcement last month, Carbonite reported solid 2Q results that beat consensus. The profitability was a highlight... More