Switch (SWCH) Receives a Buy from Raymond James
In a report released yesterday, Frank Louthan from Raymond James maintained a Buy rating on Switch (SWCH). The company’s shares closed last Tuesday at $17.87.
According to TipRanks.com, Louthan is a 3-star analyst with an average return of 2.0% and a 57.3% success rate. Louthan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and GTT Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Switch with a $20.00 average price target, implying a 11.0% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $20.00 price target.
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Switch’s market cap is currently $4.37B and has a P/E ratio of 123.80. The company has a Price to Book ratio of 16.81.
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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. Its products include Switch CONNECT and Switch SAFE. Switch was founded by Rob Roy in 2000 and is headquartered in Las Vegas, NV.