Maxim Group analyst Nehal Chokshi maintained a Buy rating on Control4 Corp (CTRL) today and set a price target of $36. The company’s shares closed yesterday at $17.76, close to its 52-week low of $17.67.
Chokshi noted:
“The sharp, 53% decline in the shares reflects rising concerns about the durability of CTRL being a secular growth story piqued by the coincidental occurrence of slowing luxury housing starts & CTRL guiding Dec Q to decelerating 7% y/y growth….”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 7.0% and a 52.2% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Currently, the analyst consensus on Control4 Corp is a Strong Buy with an average price target of $30.40.
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The company has a one-year high of $37.62 and a one-year low of $17.67. Currently, Control4 Corp has an average volume of 465.9K.
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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.