Barclays Thinks Adt Inc’s Stock is Going to Recover

By Carrie Williams

Barclays analyst Manav Patnaik maintained a Buy rating on Adt Inc (ADTResearch Report) on March 11 and set a price target of $10. The company’s shares closed yesterday at $6.57, close to its 52-week low of $5.88.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 11.3% and a 71.2% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Nielsen Holdings, and S&P Global Inc.

Currently, the analyst consensus on Adt Inc is a Moderate Buy with an average price target of $10.04, which is a 52.8% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $11 price target.

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The company has a one-year high of $10.75 and a one-year low of $5.88. Currently, Adt Inc has an average volume of 2.17M.

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ADT, Inc. is engaged in providing monitored security, interactive home, and business automation and related monitoring services. It offers residential, commercial, and multi-site customers a set of burglary, video, access control, fire and smoke alarm, and medical alert solutions. The company was founded in 2015 and is headquartered in Boca Raton, FL.