Market Overview

UPDATE: Jefferies Upgrades Citrix to Buy on Checks, Desktop Growth Potential

Share:
Related CTXS
Citrix: 'But Wait, There' More!' Says Wall Street
Citrix Continues To Rise After Multiple Wall Street Firms Upgrade Stock
New Relic is Off and Running (VMW, CTXS, NEWR) (Small Cap Network)

Jefferies upgraded Citrix Systems, Inc. (NASDAQ: CTXS) from Hold to Buy and raised the price target from $70.00 to $80.00.

Jefferies commented, "Our upgrade is based on: i) Our most recent field work confirming that app/ desktop virtualization projects remain a priority; ii) Undemanding estimates; iii) An expansion of CTXS' desktop business to a broader set of software, applications and enterprise mobility solutions; iv) Potential for better growth in the Data Center business; v) A more palatable valuation."

Citrix closed at $68.46 on Tuesday.

Latest Ratings for CTXS

DateFirmActionFromTo
Jun 2015BarclaysMaintainsOverweight
Jun 2015Bank of AmericaUpgradesNeutralBuy
Jun 2015NeedhamUpgradesHoldBuy

View More Analyst Ratings for CTXS
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (CTXS)

Around the Web, We're Loving...

Get Benzinga's Newsletters