Market Overview

UPDATE: Stifel Nicolaus Lowers PT to $83 on Citrix Systems on Weak Quarterly Print

Share:
Related CTXS
26 Stocks Moving In Thursday's Pre-Market Session
Citrix Systems' Q4 Earnings Outlook
IBD Rating Upgrades: Citrix Systems Shows Improved Price Strength (Investor's Business Daily)

Stifel Nicolaus reiterated its Buy rating on Citrix Systems (NASDAQ: CTXS) but lowered its price target from $85 to $83.

Stifel Nicolaus commented, "We arrive at our $83 target price by applying a 23.5x multiple to our CY13 NOPAT estimate of $3.12 (EPS of $3.19) and then adding the roughly $10 per share in cash (discounted) we expect the company to deliver in CY13. This multiple is below Citrix's historical average and in-line with infrastructure peers. We believe the multiple is warranted given the potential for upside to numbers stemming from accelerating revenue growth within the desktop and network businesses, the benefit the company should realize from recent product introductions, and expanding productivity from investments in distribution."

Citrix Systems closed at $64.08 on Wednesday.

Latest Ratings for CTXS

DateFirmActionFromTo
Feb 2018Morgan StanleyMaintainsUnderweightUnderweight
Feb 2018Bank of AmericaMaintainsNeutralNeutral
Feb 2018Stifel NicolausMaintainsHoldHold

View More Analyst Ratings for CTXS
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (CTXS)

View Comments and Join the Discussion!