Market Overview

UPDATE: Jefferies & Company Upgrades Citrix Systems to Buy, Raises PT

Related CTXS
Upcoming Corporate Events/Presentations for the Week of Aug. 11-15th
Is Citrix Systems (CTXS) Poised to Beat Earnings in Q2?
Tech Sector Lags as EMC, Juniper Sink (Fox Business)

In a report published Wednesday, Jefferies & Company upgraded its rating on Citrix Systems (NASDAQ: CTXS) to Buy, and raised its price target from $70.00 to $80.00.

Jefferies noted, “We upgrade CTXS to Buy and raise our PT from $70 to $80. 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 Systems closed on Tuesday at $68.46.

Latest Ratings for CTXS

DateFirmActionFromTo
Sep 2014MKM PartnersInitiates Coverage onBuy
Sep 2014BarclaysMaintainsOverweight
Jul 2014BarclaysMaintainsOverweight

View More Analyst Ratings for CTXS
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (CTXS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional