RBC Capital analyst Matthew Hedberg maintained a Hold rating on SolarWinds (SWI – Research Report) on April 27 and set a price target of $11.00. The company’s shares closed yesterday at $8.86.
According to TipRanks, Hedberg is an analyst with an average return of -7.4% and a 37.75% success rate. Hedberg covers the Technology sector, focusing on stocks such as Cloudflare, Autodesk, and Varonis Systems.
The word on The Street in general, suggests a Hold analyst consensus rating for SolarWinds with a $13.60 average price target, a 53.50% upside from current levels. In a report released on April 28, Robert W. Baird also maintained a Hold rating on the stock with a $11.00 price target.
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The company has a one-year high of $12.79 and a one-year low of $7.51. Currently, SolarWinds has an average volume of 415.4K.
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SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.
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