.png "Mellanox (NASDAQ: MLNX)")
Barclays analyst Joseph Wolf maintained a Buy rating on Mellanox (NASDAQ: MLNX) today and set a price target of $107. The company’s shares closed yesterday at $84.70, close to its 52-week high of $90.45.
According to TipRanks.com, Wolf is a 3-star analyst with an average return of 5.1% and a 53.2% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Lumentum Holdings, and Radware Ltd.
Mellanox has an analyst consensus of Strong Buy, with a price target consensus of $106.86, representing a 26.2% upside. In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $110 price target.
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The company has a one-year high of $90.45 and a one-year low of $42.25. Currently, Mellanox has an average volume of 509.8K.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Last month, Marc Sultzbaugh, the Sr. VP World Wide Sales of MLNX sold 20,000 shares for a total of $1,724,567.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mellanox Technologies Ltd. engages in the development, manufacture, marketing and sale of interconnect products. It includes integrated circuits, adapter cards, switch systems, multi-core and network processors, systems on a chip, cables, modules, software, services, and accessories.
