Wall Street analyst has provided a review for the Technology company on August 14, but retained the same rating on the stock. Analyst Daniel Chan from TD Securities rated Absolute Software (TSX: ABT) a Hold on August 14, setting a C$8 price target.
According to TipRanks.com, Chan is ranked #572 out of 4850 analysts.
Read also: MKM Sets Expectations on Nvidia (NVDA) Ahead of Q2 Results
Absolute Software has an analyst consensus of Moderate Buy, with a price target consensus of C$8.56, implying an 8.8% upside from current levels. In a report issued on August 8, Canaccord Genuity also maintained a Hold rating on the stock with a C$7.50 price target.
.
Based on Absolute Software’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$3.29 million. In comparison, last year the company had a GAAP net loss of C$2.81 million.
Absolute Software Corp. engages in the provision of endpoint security and data risk management solutions to commercial, healthcare, education, and government customers. The firm operates through the following geographical segments: United States, Rest of the World, and Canada.
The company’s shares closed on Thursday at C$7.87.
