In a report released yesterday, Gray Powell from BTIG maintained a Buy rating on Ping Identity Holding (PING), with a price target of $37.00. The company’s shares closed last Wednesday at $22.62, close to its 52-week low of $19.97.
According to TipRanks.com, Powell is a 4-star analyst with an average return of 15.1% and a 60.7% success rate. Powell covers the Technology sector, focusing on stocks such as Palo Alto Networks, Tenable Holdings, and Cloudflare.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ping Identity Holding with a $33.15 average price target, which is a 45.1% upside from current levels. In a report issued on April 30, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.
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Based on Ping Identity Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $63.26 million and GAAP net loss of $3.81 million. In comparison, last year the company earned revenue of $68.24 million and had a net profit of $2.21 million.
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Ping Identity Holding Corp. engages in pioneering intelligent identity. It enables secure access to service, application or application programming interface from device. The company operates a platform that can leverage artificial intelligence and machine learning to analyse device, network, application and user behaviour data to make real-time authentication and security control decisions. The company was founded in 2003 and is headquartered in Denver, CO.
