Symantec Corporation (SYMC) Receives Price Target

Symantec Corporation (SYMC) : The most positive equity analysts on Symantec Corporation (SYMC) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $22.77 with an expected fluctuation of $3.79 from the mean.

Symantec Corporation (SYMC) : 19 analysts are covering Symantec Corporation (SYMC) and their average rating on the stock is 2.58, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Symantec Corporation (SYMC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, Citigroup maintains its ratings on Symantec Corporation (NASDAQ:SYMC). In the latest research report, Citigroup raises the target price from $17.5 per share to $26.5 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Symantec Corporation (NASDAQ:SYMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.14 and $23.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.15, notching a gain of 0.08% for the day. The total traded volume was 6,159,544 . The stock had closed at $24.13 on the previous day.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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