Wedbush starts ‘well-positioned’ SolarWinds with an Outperform

As previously reported, Wedbush initiated coverage of SolarWinds (SWI) with an Outperform rating and $20 price target The provider of “simple, powerful, and secure solutions” to help organizations accelerate business transformation projects can deliver tangible value across observability, database performance monitoring, and service management across cloud environments by providing customers the ability to accelerate productivity and deliver seamless resilience at any size or complexity, the analyst tells investors. With cloud transformation unfolding and expected to continue through 2025 and beyond, SolarWinds is “well-positioned to capitalize” on the growing need of enterprises to gain visibility into the buildout of these projects with security built-in to protect organizations, the analyst contends.