After RBC Capital and BTIG gave Ping Identity Holding (NYSE: PING) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Saket Kalia maintained a Buy rating on Ping Identity Holding yesterday and set a price target of $25.00. The company’s shares closed last Monday at $21.72.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 6.3% and a 50.0% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, CyberArk Software, and Varonis Systems.
Ping Identity Holding has an analyst consensus of Strong Buy, with a price target consensus of $28.36, representing a 30.6% upside. In a report issued on March 29, RBC Capital also maintained a Buy rating on the stock with a $27.00 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 $68.24 million and net profit of $2.21 million. In comparison, last year the company earned revenue of $42.62 million and had a GAAP net loss of $5.62 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.
