In a report released yesterday, Jennifer Redding from Wedbush initiated coverage with a Hold rating on Citrix Systems (NASDAQ: CTXS) and a price target of $115. The company’s shares opened today at $103.70.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.4% and a 25.0% success rate. Redding covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Verint Systems Inc.
Citrix Systems has an analyst consensus of Hold, with a price target consensus of $114.67.
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Citrix Systems’ market cap is currently $14B and has a P/E ratio of 169.54. The company has a Price to Book ratio of 22.01.
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Citrix Systems, Inc. engages in the design, developnment, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. It markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers.
