In a report released today, Nehal Chokshi from Maxim Group maintained a Buy rating on Control4 Corp (NASDAQ: CTRL), with a price target of $36. The company’s shares closed yesterday at $26.26.
Chokshi observed:
“Jun Q Beat with GM & OM expansion, a testament to the building brand of CTRL, in our view. F2H18 guidance in line with prior implied F2H18 guidance, which is likely conservative. Intercom Anywhere signals CTRL is beginning to transcend the entertainment- focused vs. security-focused segmentation, in our view. Strong business performance and addition of former AMZN Alexa exec gives us increased confidence in our long-term DCF-based 12-month PT of $36.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 16.2% and a 65.8% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Control4 Corp with a $32.33 average price target.
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The company has a one-year high of $35.99 and a one-year low of $20.50. Currently, Control4 Corp has an average volume of 274.3K.
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Control4 Corp. engages in the provision of automation and control solutions. It offers networking systems to control lighting, entertainment, security, energy and other connected devices. The firm builds secure infrastructure to provide cloud-base services which includes remote customer system access.
