Barclays analyst Saket Kalia maintained a Hold rating on Carbonite Inc (NASDAQ: CARB) on July 12 and set a price target of $38. The company’s shares closed on Friday at $38.45, close to its 52-week high of $41.25.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 14.3% and a 59.1% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, SecureWorks Corp, and Varonis Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carbonite Inc with a $36.57 average price target.
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The company has a one-year high of $41.25 and a one-year low of $18.55. Currently, Carbonite Inc has an average volume of 372.3K.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.
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Carbonite, Inc. engages in the provision of cloud and hybrid backup solutions for consumers and small and medium sized businesses. It provides backup, disaster recovery, high availability and workload migration technologies. The company was founded by Jeffry Flowers and David Friend on February 10, 2005 and is headquartered in Boston, MA.
