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

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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
Jan 2017Wells FargoInitiates Coverage OnMarket Perform
Dec 2016MizuhoUpgradesNeutralBuy
Oct 2016Cowen & Co.MaintainsOutperform

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

 

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