KeyBanc Thinks SecureWorks Corp’s Stock is Going to Recover

By Jason Carr

In a report released yesterday, Rob Owens from KeyBanc reiterated a Buy rating on SecureWorks Corp (NASDAQ: SCWX), with a price target of $13. The company’s shares closed yesterday at $9.04, close to its 52-week low of $8.25.

According to TipRanks.com, Owens is a 5-star analyst with an average return of 18.8% and a 67.8% success rate. Owens covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Barracuda Networks, and Citrix Systems.

Currently, the analyst consensus on SecureWorks Corp is Moderate Buy and the average price target is $13, representing a 43.8% upside.

In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $14 price target.

The company has a one-year high of $12.99 and a one-year low of $8.25. Currently, SecureWorks Corp has an average volume of 116.3K.

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SecureWorks Corp. is a cybersecurity company, which delivers information security solutions. Its SecureWorks Counter Threat Platform is a SaaS-based early-warning system that delivers insights and deploys countermeasures derived from analytics and applied intelligence. The company prevents security breaches and detects malicious activity in real time.