Maxim Group analyst Allen Klee assigned a Buy rating to iPass (NASDAQ: IPAS) today and set a price target of $1.25. The company’s shares closed yesterday at $0.33, close to its 52-week low of $0.25.
Klee said:
“iPass has the largest global Wi-Fi network offering advantages such as secure network access, easy sign-ups, and hotspot identification.”
According to TipRanks.com, Klee is a 2-star analyst with an average return of 5.2% and a 50.0% success rate. Klee covers the Technology sector, focusing on stocks such as Stampscom, Agilysys, and Rignet.
Currently, the analyst consensus on iPass is a Moderate Buy with an average price target of $1.25.
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The company has a one-year high of $1.32 and a one-year low of $0.25. Currently, iPass has an average volume of 544.2K.
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iPass, Inc. provides Wi-Fi roaming services for enterprise employees and service provider subscribers. The firm operates through the Mobility Services segment. The Mobility Services segment offers open mobile enterprise and open mobile exchange services.
