Robert W. Baird analyst Jonathan Ruykhaver reiterated a Buy rating on Proofpoint Inc (PFPT) today and set a price target of $120. The company’s shares closed yesterday at $101.87.
According to TipRanks.com, Ruykhaver is a top 100 analyst with an average return of 24.9% and a 79.2% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Symantec Corp, and Mimecast Ltd.
Proofpoint Inc has an analyst consensus of Moderate Buy, with a price target consensus of $110.
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The company has a one-year high of $130.27 and a one-year low of $75.92. Currently, Proofpoint Inc has an average volume of 624.9K.
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Proofpoint, Inc. is a security and compliance company, which engages in the provision of cloud-based solutions. Its platform comprises of an integrated suite of threat, information, and brand protection solutions including: email protection, advanced threat protection, email authentication, data loss prevention, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, and secure communication. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.
