Bank of America Reiterates Buy Rating for Forescout Technologies (NASDAQ:FSCT)

Forescout Technologies (NASDAQ:FSCT)‘s stock had its “buy” rating reaffirmed by investment analysts at Bank of America in a report released on Thursday, December 28th, MarketBeat.com reports. They currently have a $35.00 target price on the stock, up from their previous target price of $30.00. Bank of America’s target price would indicate a potential upside of 7.36% from the company’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also commented on the stock. UBS Group initiated coverage on shares of Forescout Technologies in a research note on Monday, November 20th. They set a “buy” rating and a $30.00 price target on the stock. Morgan Stanley initiated coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They set an “equal weight” rating and a $27.00 price target on the stock. KeyCorp initiated coverage on shares of Forescout Technologies in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $34.00 price target on the stock. Citigroup initiated coverage on shares of Forescout Technologies in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $27.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Forescout Technologies in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $33.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.00.

Shares of Forescout Technologies (NASDAQ:FSCT) opened at $32.60 on Thursday. Forescout Technologies has a 12-month low of $21.56 and a 12-month high of $32.68. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $1,150.00 and a P/E ratio of -16.89.

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About Forescout Technologies

ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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