Jefferies analyst Scott Goldman reiterated a Hold rating on Switch Inc (NYSE: SWCH) yesterday and set a price target of $12. The company’s shares opened today at $10.66, close to its 52-week low of $10.
According to TipRanks.com, Goldman is a 4-star analyst with an average return of 14.9% and a 66.7% success rate. Goldman covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Boingo Wireless Inc, and Consolidated Comms.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Switch Inc with a $14.20 average price target, a 33.2% upside from current levels. In a report released yesterday, Raymond James also downgraded the stock to Hold.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $24.90 and a one-year low of $10. Currently, Switch Inc has an average volume of 1.25M.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
