In a report released today, Gur Talpaz from Stifel Nicolaus maintained a Hold rating on Symantec Corp (NASDAQ: SYMC), with a price target of $22. The company’s shares closed yesterday at $21.69.
According to TipRanks.com, Talpaz is a 5-star analyst with an average return of 20.0% and a 70.1% success rate. Talpaz covers the Technology sector, focusing on stocks such as Tenable Holdings Inc, SecureWorks Corp, and Varonis Systems.
Symantec Corp has an analyst consensus of Hold, with a price target consensus of $20.89, representing a -3.7% downside. In a report issued on September 17, Evercore ISI also maintained a Hold rating on the stock with a $22 price target.
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Based on Symantec Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.16 billion and GAAP net loss of $63 million. In comparison, last year the company earned revenue of $1.18 billion and had a GAAP net loss of $136 million.
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Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through the Consumer Digital Safety and Enterprise Security segments. The Consumer Digital Safety segment focuses on providing a digital safety solution to protect information, devices, networks, and the identities of consumers.
