Riverbed Technology (NASDAQ: RVBD) received a number of price target changes and ratings updates during the last week:

  • Riverbed Technology had its price target raised by analysts at ThinkEquity to $26.00. They now have a “buy” rating on the stock.
  • Riverbed Technology had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $23.00 price target on the stock.
  • Riverbed Technology was downgraded by analysts at Needham & Company from a “strong-buy” rating to a “buy” rating. They now have a $27.00 price target on the stock, up previously from $25.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Riverbed Technology had its price target raised by analysts at Wedbush to $20.00. They wrote, “We expect in-line results with a bias towards the higher end of management’s guidance given checks which suggest strength in federal and some follow through on execution from last quarter, offset by an uneven spending environment. … Near term, we think the company may do well as they make up missed sales early in the year, but we continue to advise investors to remain on the sidelines and look to become more constructive on improving sales growth and visibility.”
  • Riverbed Technology was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating. They now have a $23.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Riverbed Technology, Inc. traded down 2.50% on Wednesday, hitting $21.275. Riverbed Technology, Inc. has a 52-week low of $13.30 and a 52-week high of $30.73. The company has a market cap of $3.282 billion and a price-to-earnings ratio of 57.42.

Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs).