Cowen & Co. analyst Gregg Moskowitz reiterated a Hold rating on Citrix Systems (NASDAQ: CTXS) today and set a price target of $120. The company’s shares opened today at $116.30, close to its 52-week high of $116.82.
According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 19.5% and a 67.9% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Symantec Corp, Check Point, and Appian Corp.
Currently, the analyst consensus on Citrix Systems is a Hold with an average price target of $115.29, implying a -0.9% downside from current levels. In a report issued on July 20, Robert W. Baird also downgraded the stock to Hold with a $112 price target.
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Citrix Systems’ market cap is currently $14.98B and has a P/E ratio of 188.34. The company has a Price to Book ratio of 28.62.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock.
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Citrix Systems, Inc. engages in the design, developnment, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. It markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers.
