After Credit Suisse and Barclays gave Ping Identity Holding (NYSE: PING) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Tal Liani maintained a Buy rating on Ping Identity Holding today and set a price target of $24.00. The company’s shares closed last Monday at $16.51.
According to TipRanks.com, Liani is a 3-star analyst with an average return of 1.5% and a 51.6% success rate. Liani covers the Consumer Goods sector, focusing on stocks such as Palo Alto Networks, Arista Networks, and Cisco Systems.
Currently, the analyst consensus on Ping Identity Holding is a Strong Buy with an average price target of $22.23, a 32.6% upside from current levels. In a report issued on November 6, Credit Suisse also initiated coverage with a Buy rating on the stock with a $21.00 price target.
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The company has a one-year high of $21.00 and a one-year low of $15.22. Currently, Ping Identity Holding has an average volume of 3.05M.
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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.
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