uploads///

Over 80% of Analysts Recommend ‘Buys’ on Proofpoint Stock

By

Apr. 22 2019, Published 7:46 a.m. ET

Stock returns

Proofpoint (PFPT) stock has generated impressive returns over the last few years. The stock rose 15% in 2016 and 22% in 2017. Last year, PFPT fell close to 10%, and it’s up 45% so far in 2019. The stock has generated returns of -4% in the last 12 months, 124% in the last three years, and 317% in the last five years.

Article continues below advertisement

Analysts’ recommendations

Of the 30 analysts tracking Proofpoint, 26 have given it “buys,” three have given it “holds,” and one has given it a “sell.” Analysts’ 12-month average price target for PFPT is $127.56, and their median estimate is $128. Proofpoint stock is trading at a discount of just 5.5% to analysts’ median estimate.

Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

The stocks of peer companies Palo Alto Networks (PANW) and Check Point Software (CHKP) are trading at discounts of 19% and 1.1%, respectively, to analysts’ 12-month average target estimates. Fortinet (FTNT) stock is trading at a premium of 3% to analysts’ 12-month average target estimate. 

What do the technical indicators say?

On April 18, PFPT closed the trading day at $121.38. Based on that price, the stock was trading as follows:

  • 14.4% above its 100-day moving average of $106.13
  • 1.4% above its 50-day moving average of $119.67
  • 0.4% above its 20-day moving average of $120.92

MACD and RSI

PFPT’s 14-day MACD (moving average convergence divergence) is 1.40. A stock’s MACD marks the difference between its short-term and long-term moving averages. PFPT’s positive MACD score indicates an upward trading trend.

Proofpoint has a 14-day RSI (relative strength index) score of 53, which shows that its stock is trading right between oversold and overbought territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.

Advertisement

More From Market Realist