Yesterday, the financial analysts at Robert W. Baird held firm on their "outperform" rating while raising the target price from $38 to $42.
Casey Ryan from Nollenberger Capital set a price target of $40 on August 21st and with a close on Friday of $38.71, it looks like Casey is on point so far.
Peter Goldmacher and Jim Bao, both analysts from Cowen and Company also maintain their "outperform" rating. With the release of new WebEx products, Cowen and Company believes this will translate into new top line revenue.
New Products include the following:
- WebOffice
- WebEx Mail
- Workspace
- AIM Pro Business Edition
- Desktop Management/Systems Management
