In a report released today, Naved Khan from SunTrust Robinson maintained a Hold rating on Endurance International (NASDAQ: EIGI), with a price target of $8. The company’s shares opened today at $8.50.
Khan said:
“We find mgt’s preliminary 2019 outlook for positive revenue growth encouraging and expect to get greater clarity on the plan and LT strategic vision for the business at the company’s AD in 1Q19 . With the stock trading close to our fair value estimate and a lack of clear catalysts, we opt to stay on the sidelines and maintain our HOLD.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 20.5% and a 71.2% success rate. Khan covers the Technology sector, focusing on stocks such as Wix.com Ltd, trivago NV, and Yext Inc.
Currently, the analyst consensus on Endurance International is a Moderate Buy with an average price target of $9.
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The company has a one-year high of $10.95 and a one-year low of $6.95. Currently, Endurance International has an average volume of 546.2K.
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Endurance International Group Holdings, Inc. engages in the provision of cloud-based platform solutions to help small and medium sized businesses online. It operates through the following segments: Web Presence, Domain, and Email Marketing.
