UPDATE: Imperial Capital Initiates Coverage on Imperva on Market Leader Position
In a report published Wednesday, Imperial Capital analyst Michael Kim initiated coverage on Imperva (NYSE: IMPV) with an Outperform rating and $53.00 price target.
In the report, Imperial Capital noted, “We are initiating coverage on IMPV shares with an Outperform rating and a one-year price target of $53, 12% above the recent share price. We believe organizations are increasingly focusing on data center security due to sustained breaches, a trend which we think IMPV is strongly positioned to capitalize on through its integrated suite of data and application security products.”
Imperva closed on Tuesday at $47.22.
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