BMO Capital Maintains a Buy Rating on Switch Inc

In a report released today, Tim Long from BMO Capital maintained a Buy rating on Switch Inc (NYSE: SWCH), with a price target of $20. The company’s shares opened today at $15.47.

According to TipRanks.com, Long is a 5-star analyst with an average return of 21.3% and a 69.0% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

Currently, the analyst consensus on Switch Inc is Moderate Buy and the average price target is $18.10, representing a 17.0% upside.

In a report issued on May 11, Credit Suisse also assigned a Buy rating to the stock with a $22 price target.

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The company has a one-year high of $24.90 and a one-year low of $13.10. Currently, Switch Inc has an average volume of 849.8K.

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Switch, Inc. (Nevada) engages in the provision of technology infrastructure. It specializes in the development of digital platforms for digital media companies, cloud and managed service providers, financial institutions, and telecommunications providers. It operates through the following segments: Colocation, Connectivity, and Other.