In a report released yesterday, Ari Klein from BMO Capital reiterated a Buy rating on Switch Inc (SWCH), with a price target of $17. The company’s shares closed last Monday at $15.78, close to its 52-week high of $16.95.
According to TipRanks.com, Klein is a 4-star analyst with an average return of 18.3% and a 81.5% success rate. Klein covers the Financial sector, focusing on stocks such as QTS Realty Trust, Coresite Realty, and Digital Realty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Switch Inc with a $16.20 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $16.95 and a one-year low of $6.39. Currently, Switch Inc has an average volume of 967.5K.
Based on the recent corporate insider activity of 49 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 SWCH in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Switch, Inc. (Nevada) engages in the provision of technology infrastructure. It specializes in the development of digital platforms for digital media companies, cloud and managed service providers, financial institutions, and telecommunications providers.
