Market Overview

UPDATE: Wedbush Initiates Neutral, $34 PT on Imperva on Favorable Long-Term Fundamentals

Share:
Related IMPV
Is Obama's New Executive Order Affecting Cybersecurity Stocks?
Oppenheimer Held A Cybersecurity Party; Here's What Happened Next
Cybersecurity stocks slump; Obama authorizes cyberattack sanctions (Seeking Alpha)

Wedbush initiated its coverage on Imperva (NYSE: IMPV) with a Neutral rating and a price target of $34.

Wedbush commented, "We are initiating coverage with a NEUTRAL rating and a $34 target based on our CY13 EV/sales analysis, supported by our DCF. We believe the LT outlook for the company is positive given its positioning as a leading player in one of the fastest growing segments of the security market, data security, which is growing at 20%+ y/y. We think security market spending, which is primarily focused on securing the perimeter, will eventually shift to a hybrid model involving the addition of data security as a complementary, but mandatory feature."

Imperva closed at $29.47 on Tuesday.

Latest Ratings for IMPV

DateFirmActionFromTo
Jan 2015Buckingham ResearchInitiates Coverage onNeutral
Nov 2014NeedhamInitiates Coverage onBuy
Nov 2014JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for IMPV
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

 

Related Articles (IMPV)

Around the Web, We're Loving...