Cray Upgraded by Zacks to “Outperform” (CRAY)
Zacks upgraded shares of Cray (NASDAQ: CRAY) from a neutral rating to an outperform rating in a research note issued to investors on Monday. The firm currently has $22.00 target price on the stock.
A number of other firms have also recently commented on CRAY. Analysts at Needham & Company raised their price target on shares of Cray from $19.00 to $22.00 in a research note to investors on Tuesday, February 19th. They now have a buy rating on the stock.
Two equities research analysts have rated the stock with a buy rating, and one has given a hold rating to the company’s stock. Cray presently has an average rating of overweight and an average price target of $19.33.
Shares of Cray traded up 2.74% during mid-day trading on Monday, hitting $20.62. Cray has a one year low of $6.55 and a one year high of $20.76. The stock’s 50-day moving average is currently $19.00. The company has a market cap of $767.7 million and a P/E ratio of 4.70.
Cray Inc., incorporated in December 1987, designs, develops, manufactures, markets and services high-performance computing (HPC) systems, known as supercomputers and provides engineering services related to HPC systems and solutions.
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