JP Morgan Initiates Coverage On SolarWinds with Neutral Rating, Announces Price Target of $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora initiates coverage on SolarWinds (NYSE:SWI) with a Neutral rating and a price target of $14.
February 01, 2024 | 1:00 pm
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NEUTRAL IMPACT
JP Morgan initiated coverage on SolarWinds with a Neutral rating and set a price target of $14.
The initiation of coverage by a major financial institution like JP Morgan generally brings increased attention to a stock. However, the Neutral rating suggests that JP Morgan analysts believe SolarWinds is fairly valued at its current price, implying limited upside or downside potential in the short term. The price target of $14 provides a reference point for investors but does not suggest a significant change from current levels.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100