Northland Securities Keeps a Buy Rating on Proofpoint Inc

By Carrie Williams

In a report released yesterday, Robert Breza from Northland Securities reiterated a Buy rating on Proofpoint Inc (NASDAQ: PFPT), with a price target of $100. The company’s shares opened today at $86.22.

According to TipRanks.com, Breza is a 3-star analyst with an average return of 3.9% and a 59.4% success rate. Breza covers the Technology sector, focusing on stocks such as Barracuda Networks, Coupa Software Inc, and CommVault Systems.

Currently, the analyst consensus on Proofpoint Inc is Strong Buy and the average price target is $91.92, representing a 6.6% upside.

In a report issued on June 20, Stifel Nicolaus also reiterated a Buy rating on the stock with a $90 price target.

The company has a one year high of $94.33 and a one year low of $63.01. Currently, Proofpoint Inc has an average volume of 808.1K.

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Proofpoint, Inc. is a security and compliance company, which engages in the provision of cloud-based solutions. Its security-as-a-service platform comprises of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication.