Morgan Stanley Sticks to Their Buy Rating for Proofpoint Inc (PFPT)

In a report released today, Melissa Franchi from Morgan Stanley maintained a Buy rating on Proofpoint Inc (PFPT), with a price target of $146.00. The company’s shares closed last Monday at $124.45, close to its 52-week high of $133.58.

According to, Franchi is a 1-star analyst with an average return of -2.3% and a 46.8% success rate. Franchi covers the Technology sector, focusing on stocks such as CyberArk Software, Zscaler Inc, and Okta Inc.

Proofpoint Inc has an analyst consensus of Strong Buy, with a price target consensus of $144.67, implying a 18.7% upside from current levels. In a report issued on October 11, Wedbush also reiterated a Buy rating on the stock with a $140.00 price target.

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The company has a one-year high of $133.58 and a one-year low of $75.92. Currently, Proofpoint Inc has an average volume of 683.8K.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PFPT in relation to earlier this year.

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Proofpoint, Inc. is a cybersecurity company, which engages in the provision of cloud-based solutions. Its security-and compliance platform is comprises of an integrated suite of threat protection, information protection, and brand protection solutions, including email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.

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