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Mimecast Ltd (MIME) Gets a Buy Rating from Robert W. Baird


In a report released today, Jonathan Ruykhaver from Robert W. Baird maintained a Buy rating on Mimecast Ltd (MIME), with a price target of $45. The company’s shares closed yesterday at $35.44.

Ruykhaver noted:

“We view Mimecast as a secular play with optionality from new products along with industry leading tech for archiving and core defense.”

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 24.4% and a 71.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Proofpoint Inc, and Check Point.

Mimecast Ltd has an analyst consensus of Strong Buy, with a price target consensus of $47.40, implying a 33.7% upside from current levels. In a report issued on November 1, BMO Capital also maintained a Buy rating on the stock with a $43 price target.

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The company has a one-year high of $46.87 and a one-year low of $26.50. Currently, Mimecast Ltd has an average volume of 530.8K.

Based on the recent corporate insider activity of 57 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.

Mimecast Ltd. (Jersey) engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server.