In a report released yesterday, Sami Badri from Credit Suisse maintained a Buy rating on Switch Inc (SWCH), with a price target of $14. The company’s shares closed yesterday at $7.07, close to its 52-week low of $7.
According to TipRanks.com, Badri has 0 stars on 0-5 star ranking scale with an average return of -10.6% and a 32.1% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and Juniper Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Switch Inc with a $12.33 average price target, a 74.4% upside from current levels. In a report issued on November 13, BMO Capital also reiterated a Buy rating on the stock with a $10.50 price target.
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Based on Switch Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $821K. In comparison, last year the company had a net profit of $16.49 million.
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.
