UPDATE: Oppenheimer Initiates Imperva at Outperform on Data Security Leading Position
Oppenheimer initiated Imperva (NYSE: IMPV) with an Outperform rating and a $37 price target.
Oppenheimer noted, "We believe IMPV is well positioned to benefit from this new sub segment of the broader security market, as data center security solutions represent a significant long-term opportunity. Growing network complexity coupled with increased regulation and compliance are driving sustainable growth north of 25%. We believe IMPV deserves to trade at a premium to its peers due to market positioning, revenue drivers and growth profile."
Imperva closed at $30.76 on Monday.
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