SolarWinds price target raised to $13 from $11 at Truist

Truist raised the firm’s price target on SolarWinds to $13 from $11 and keeps a Hold rating on the shares. The company’s Q4 results were “solid” with upside across all key metrics, as subscription revenue again showed strength, growing 36%, while Subscription Annual Recurring Revenue grew 34%, the analyst tells investors in a research note. The firm adds however that it remains on Hold due to continued macro risk and model transition dynamics.