Finisar Price Target Raised to $20.00 at Piper Jaffray (FNSR)
Finisar traded down 1.30% on Friday, hitting $14.37. Finisar has a 1-year low of $10.95 and a 1-year high of $20.54. The stock’s 50-day moving average is currently $15.22. The company has a market cap of $1.338 billion and a price-to-earnings ratio of 156.56.
FNSR has been the subject of a number of other recent research reports. Analysts at MKM Partners raised their price target on shares of Finisar from $18.50 to $19.00 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Finisar from $18.00 to $20.00 in a research note to investors on Friday.
Nine investment analysts have rated the stock with a buy rating, four have assigned a hold rating, and one has assigned a sell rating to the company. Finisar has an average rating of overweight and an average price target of $18.18.
Finisar Corporation (Finisar) is a provider of optical subsystems and components that is used in data communication and telecommunication applications.
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