Wedbush Believes J2 Global (JCOM) Won’t Stop Here
In a report released today, Daniel Ives from Wedbush maintained a Buy rating on J2 Global (JCOM), with a price target of $105. The company’s shares closed yesterday at $88.80, close to its 52-week high of $91.58.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 6.6% and a 58.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Pivotal Software Inc, and Tenable Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for J2 Global with a $100.25 average price target.
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The company has a one-year high of $91.58 and a one-year low of $65.07. Currently, J2 Global has an average volume of 367.1K.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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j2 Global, Inc. is a holding company, which engages in the provision of Internet services. It operates through the following segments: Business Cloud Services and Digital Media.