UPDATE: Wunderlich Securities Reiterates Buy Rating, Raises PT on Riverbed Technology
In a report published Wednesday, Wunderlich Securities reiterated its Buy rating on Riverbed Technology (NASDAQ: RVBD), and raised its price target from $23.00 to $26.00.
Wunderlich noted, “We are adjusting our model slightly upward and elevating our price target for Riverbed (RVBD) shares to $26 from $23. We believe improved execution is being sustained and that the company may have incremental opportunity associated with upgrades of older product and adjacent market segments as enhanced quality of service (QoS) features are brought to market. We maintain our BUY recommendation.”
Riverbed Technology closed on Tuesday at $22.29.
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