In a report released yesterday, Daniel Ives from Wedbush maintained a Buy rating on J2 Global (JCOM), with a price target of $95. The company’s shares opened today at $81.56.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.4% and a 59.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for J2 Global with a $90.50 average price target.
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Based on J2 Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $50.61 million. In comparison, last year the company had a net profit of $49.21 million.
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j2 Global, Inc. is a holding company, which engages in the provision of Internet services. It operates through the Business Cloud Services and Digital Media segments.
