In a report published Monday, Needham & Company analyst Alex Henderson upgraded the rating on Radware Ltd. RDWR from Hold to Buy, and named a $21.00 price target.
In the report, Needham & Company noted, “We are upgrading Radware to Buy from Hold based on the benefits of its new product launch of Alteon-NG, easy comps and the improving visibility. We are setting a $21 target price, a potential 28% upside. We reached out to Radware's CEO, US sales head, CFO, and COO post Cisco. We come away confident that they are well positioned going into year-end and into CY14's easy comparisons.”
Radware closed on Friday at $16.33.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in