Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Proofpoint (NASDAQ:PFPT) Inc. on Wednesday, setting a price target of $150, which is approximately 9.59% above the present share price of $136.87.
Chokshi expects Proofpoint Inc . to post earnings per share (EPS) of -$0.55 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Proofpoint, with an average price target of $132.2.
The analysts price targets range from a high of $151 to a low of $100.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $266.67 million and a net profit of -$21.11 million. The company's market cap is $7.9 billion.
According to TipRanks.com, Northland Securities analyst Nehal Chokshi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.0% and a 64.31% success rate.
Proofpoint, Inc. is a cybersecurity company. It engages in the provision of cloud-based solutions. The firm's security and compliance platform comprises of an integrated suite of threat protection, information protection, and brand protection solutions. Its solutions also includes email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. The company was founded by Eric Hahn in May 2002 and is headquartered in Sunnyvale, CA.