Northland Securities analyst Nehal Chokshi maintained a Hold rating on Allot (ALLT – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $2.51.
Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Agilysys, and Palo Alto Networks. According to TipRanks, Chokshi has an average return of 23.1% and a 60.58% success rate on recommended stocks.
Currently, the analyst consensus on Allot is a Hold with an average price target of $3.00, which is a 19.52% upside from current levels. In a report released yesterday, Lake Street also maintained a Hold rating on the stock with a $3.00 price target.
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The company has a one-year high of $4.69 and a one-year low of $2.08. Currently, Allot has an average volume of 142.6K.
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Allot Ltd. engages in the development and provision of network intelligence and security solutions for mobile, fixed service providers, enterprises. The firm offers analytics, traffic management, policy control and charging, and service enablement platforms. It also provides maintenance, support services, and professional services including installation and training. The company was founded by Yigal Jacoby and Michael Shurman on November 12, 1996 and is headquartered in Hod-Hasharon, Israel.
Read More on ALLT:
- Allot Ltd. reports Q2 EPS (49c), consensus (26c)
- Allot Announces Q2 2023 Financial Results and Cost Reduction Plan
- Allot Communications (ALLT) Q2 Earnings Cheat Sheet
- Allot Presents an Award to Taiwan’s Far EasTone Telecommunications for Cybersecurity Leadership
- Allot Ltd. announces DNS Secure selected by Tier-1 telecom operator
