In a report released today, Kenneth Talanian from Evercore ISI maintained a Buy rating on Imperva (NASDAQ: IMPV), with a price target of $56. The company’s shares closed yesterday at $56.70, close to its 52-week high of $57.65.
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 20.7% and a 76.8% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Symantec Corp, and Check Point.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Imperva with a $62.40 average price target, a 10.1% upside from current levels. In a report issued on July 20, RBC Capital also reiterated a Buy rating on the stock with a $64 price target.
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Based on Imperva’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.78 million. In comparison, last year the company had a GAAP net loss of $3.49 million.
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Imperva, Inc. engages in development, marketing, sales, service and support of cyber-security solutions that protect business critical data and applications. Its products include web application security, beach prevention, sharepoint, file, cloud, and data security, platform and industry solutions.
