UPDATE: Stifel Initiates Coverage On Mobile Iron On Unique Market Position

In a report published Monday, Stifel analyst Sanjiv Wadhwani initiated coverage on

with a Buy rating and $13.00 price target. In the report, Stifel noted, “We believe MobileIron is uniquely positioned to take a leading share in the Enterprise Mobility Management (EMM) space that encompasses Mobile Device Management (MDM) as well as the expanding segments of Mobile Application Management (MAM) and Mobile Content Management (MCM), with both internally built products as well as through partnerships. "In our view, MobileIron is technically capable, with products that meet the majority of customer requirements, bringing in best-of-breed partner companies when needed, and the company also services customers with a very capable technical support team. MobileIron has been able to successfully upsell higher value-added products and services to existing and new customers. Overall, MobileIron has a comprehensive vision of Mobile IT and is most likely to succeed in terms of pure-play EMM vendors.” Mobile Iron closed on Thursday at $9.82.