Mimecast Ltd (MIME) Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Mimecast Ltd (MIME) today and set a price target of $58. The company’s shares closed yesterday at $43.47.

Ruykhaver said:

“We continue to see a strong fundamental story driven by leading technology positioning, strong execution and large legacy share gain opportunities.”

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 20.6% and a 70.9% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mimecast Ltd with a $57.11 average price target.

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The company has a one-year high of $54.57 and a one-year low of $29.66. Currently, Mimecast Ltd has an average volume of 425.7K.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock.

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Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server.

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