Bank of America Increases Forescout Technologies (FSCT) Price Target to $36.00

Forescout Technologies (NASDAQ:FSCT) had its target price increased by stock analysts at Bank of America from $35.00 to $36.00 in a research report issued to clients and investors on Thursday, February 8th. The brokerage presently has a “buy” rating on the stock. Bank of America’s price objective points to a potential upside of 21.25% from the stock’s previous close.

FSCT has been the topic of several other reports. KeyCorp began coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “overweight” rating and a $33.00 price objective on the stock. UBS Group started coverage on Forescout Technologies in a research report on Monday, November 20th. They set a “buy” rating and a $30.00 price target on the stock. Citigroup started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set a “neutral” rating and a $27.00 price target on the stock. Finally, Morgan Stanley started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “equal weight” rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.83.

Shares of Forescout Technologies (NASDAQ:FSCT) traded up $2.12 during trading on Thursday, hitting $29.69. The stock had a trading volume of 149,400 shares, compared to its average volume of 144,471. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.93 and a current ratio of 0.94. Forescout Technologies has a 12-month low of $21.56 and a 12-month high of $35.00.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($1.17) EPS for the quarter, beating the consensus estimate of ($1.33) by $0.16. research analysts forecast that Forescout Technologies will post -1.15 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC bought a new position in Forescout Technologies during the 4th quarter worth approximately $327,000. Zimmer Partners LP bought a new position in Forescout Technologies during the 4th quarter worth approximately $2,232,000. Millennium Management LLC bought a new position in Forescout Technologies during the 4th quarter worth approximately $405,000. TIAA CREF Investment Management LLC bought a new position in Forescout Technologies during the 4th quarter worth approximately $267,000. Finally, Teachers Advisors LLC bought a new position in Forescout Technologies during the 4th quarter worth approximately $295,000. Institutional investors and hedge funds own 4.64% of the company’s stock.

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About Forescout Technologies

ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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