SolarWinds Price Target Increased to $76.00 by Analysts at JPMorgan Chase (SWI)
Analysts at JPMorgan Chase boosted their price target on shares of SolarWinds (NYSE: SWI) from $66.00 to $76.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of SolarWinds in a research note to investors on Tuesday, February 5th. Separately, analysts at Needham & Company raised their price target on shares of SolarWinds from $59.00 to $62.00 in a research note to investors on Tuesday, February 5th. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital raised their price target on shares of SolarWinds from $50.00 to $56.00 in a research note to investors on Tuesday, February 5th. They now have a “market perform” rating on the stock.
Five investment analysts have rated the stock with a buy rating, two have given an overweight rating, nine have given a hold rating, and one has issued a sell rating to the stock. The stock presently has an average rating of “overweight” and an average target price of $58.80.
SolarWinds traded up 0.96% on Friday, hitting $59.64. SolarWinds has a 1-year low of $35.34 and a 1-year high of $60.95. The stock’s 50-day moving average is currently $55.14. The company has a market cap of $4.471 billion and a price-to-earnings ratio of 55.21.
SolarWinds last announced its earnings results on Monday, February 4th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $73.50 million for the quarter, compared to the consensus estimate of $70.72 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 32.2% on a year-over-year basis. SolarWinds has set its Q1 guidance at ~$0.37 EPS and its FY13 guidance at $1.57-1.62 EPS. Analysts expect that SolarWinds will post $1.62 EPS for the current fiscal year.
SolarWinds, Inc. (SolarWinds) designs, develops, markets, sells and supports enterprise information technology (IT) infrastructure management software to IT professionals in organizations of all sizes.
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