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.
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.
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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.