BMO Capital Thinks Switch Inc’s Stock is Going to Recover


In a report released yesterday, Tim Long from BMO Capital reiterated a Buy rating on Switch Inc (SWCH), with a price target of $10.50. The company’s shares closed yesterday at $9.26, close to its 52-week low of $8.41.

According to TipRanks.com, Long is a top 100 analyst with an average return of 19.6% and a 66.0% 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 a Moderate Buy with an average price target of $12.20.

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The company has a one-year high of $19.49 and a one-year low of $8.41. Currently, Switch Inc has an average volume of 1.37M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

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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.

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