Tufin Software Technologies Ltd (TUFN) received a Buy rating and a $35 price target from Oppenheimer analyst Shaul Eyal today. The company’s shares closed on Friday at $22.30.
Eyal wrote:
“We are initiating coverage of Tufin, a leading provider of cyber-security solutions, with an Outperform rating and $35 price target. Our bullish stance is driven by the following: 1) Tufin’s innovative technology which, for example, can accelerate firewall deployment from months/weeks to days/hours. 2) Our belief that over the next several years, trends such as the increasing sophistication of cyber-threats, enterprises’ shift to the cloud, and the rise of automation should drive demand for its solutions. 3) A compelling value proposition which simplifies the management of mission-critical enterprise security tools while lowering costs. 4) Tufin’s opportunity to expand within and beyond its current customer base which includes ~15% of the Global 2000. 5) Our belief that TUFN is a desirable acquisition candidate.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 17.7% and a 70.6% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and CyberArk Software.
Tufin Software Technologies Ltd has an analyst consensus of Hold.
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The company has a one-year high of $24.89 and a one-year low of $14. Currently, Tufin Software Technologies Ltd has an average volume of 852.4K.
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Tufin Software Technologies Ltd. engages in the provision of policy-centric approach to security and IT operations. It transforms enterprise security operations by helping them visualize, define and enforce a security policy across complex, heterogeneous information technology and cloud environments.
