Market Overview

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

Related CTXS
Network Stocks In Play Amid Riverbed Technology M&A
Jefferies Initiates Coverage On Software Companies
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

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
Dec 2014Piper JaffrayAssumesUnderweight
Nov 2014JefferiesInitiates Coverage onHold
Oct 2014FBR CapitalMaintainsOutperform

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