In a report released yesterday, Adam Borg from Stifel Nicolaus maintained a Hold rating on Tufin Software Technologies (TUFN – Research Report), with a price target of $13.00. The company’s shares closed last Thursday at $12.98, close to its 52-week high of $13.50.
According to TipRanks.com, Borg is a 4-star analyst with an average return of 13.5% and a 64.9% success rate. Borg covers the Technology sector, focusing on stocks such as Ping Identity Holding, Procore Technologies, and CyberArk Software.
Currently, the analyst consensus on Tufin Software Technologies is a Hold with an average price target of $13.75, which is a 6.8% upside from current levels. In a report issued on April 6, Colliers Securities also downgraded the stock to Hold.
Tufin Software Technologies’ market cap is currently $489.9M and has a P/E ratio of -12.95.
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Tufin Software Technologies Ltd. engages in the provision of policy-centric approach to security and IT operations. It transforms enterprise security operations by helping them visualize, define and enforce a security policy across complex, heterogeneous information technology and cloud environments. Its products include SecureTrack, SecureChange, SecureApp, Orca and Iris. The company was founded by Ruvi Kitov and Reuven Harrison in 2005 and is headquartered in Ramat Gan, Israel.
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