BMO Capital analyst Keith Bachman maintained a Hold rating on Mimecast (NASDAQ:MIME) Ltd. on Wednesday, setting a price target of $82, which is approximately 3.96% above the present share price of $78.88.
Bachman expects Mimecast Ltd . to post earnings per share (EPS) of $0.27 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Mimecast, with an average price target of $82.
The analysts price targets range from a high of $93 to a low of $66.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $147.23 million and a net profit of $21.5 million. The company's market cap is $5.24 billion.
According to TipRanks.com, BMO Capital analyst Keith Bachman is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.1% and a 68.88% success rate.
Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. It develops in suite of cloud services designed to offer cyber resilience for email and deliver comprehensive email risk management beyond the primary mail server. Its products allow to secure and stores corporate communications and information to address compliance and e-discovery requirements. The company was founded by Peter Cyril Bauer and Neil Hamilton Murray in 2003 and is headquartered in London, the United Kingdom.