In a report issued on March 1, Matthew Hedberg from RBC Capital maintained a Buy rating on Ping Identity Holding (PING), with a price target of $27.00. The company’s shares closed last Monday at $22.53.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 20.4% and a 71.8% success rate. Hedberg covers the Technology sector, focusing on stocks such as Zoom Video Communications, Altair Engineering, and Netscout Systems.
Ping Identity Holding has an analyst consensus of Strong Buy, with a price target consensus of $29.25.
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Based on Ping Identity Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $595K. In comparison, last year the company had a GAAP net loss of $2.07 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.
