In a report released today, Adam Tindle from Raymond James maintained a Buy rating on Netgear (NTGR – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $21.46.
According to TipRanks, Tindle is a 3-star analyst with an average return of 3.1% and a 45.02% success rate. Tindle covers the Technology sector, focusing on stocks such as Netgear, TD SYNNEX Corporation, and Motorola Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netgear with a $26.50 average price target.
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NTGR market cap is currently $616.6M and has a P/E ratio of -10.91.
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NETGEAR, Inc. engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following segments: Connected Home, and Small & Medium Business. The Connected Home segment focuses on consumers and consists of high-performance, dependable and easy-to-use WiFi Internet networking solutions such as WiFi mesh systems, routers, 4G/5G mobile products, smart devices such as Meural digital canvasses, and services offering consumers a range of parental controls and cyber security for their home networks. The Small & Medium Business segment focuses on small and medium-sized businesses and consists of business networking, wireless LAN, storage, and security solutions that bring enterprise-class functionality to small and medium-sized businesses at an affordable price. The company was founded by Patrick C. S. Lo and Mark G. Merrill on January 8, 1996 and is headquartered in San Jose, CA.
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