Switch (NYSE:SWCH) has been assigned a $22.00 target price by research analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 47.06% from the company’s current price.

A number of other brokerages also recently issued reports on SWCH. Jefferies Group started coverage on Switch in a research report on Tuesday, October 31st. They set a “hold” rating on the stock. BTIG Research started coverage on Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 price target on the stock. William Blair started coverage on Switch in a research report on Tuesday, October 31st. They set an “outperform” rating on the stock. Cowen started coverage on Switch in a research report on Friday, January 19th. They set an “underweight” rating on the stock. Finally, Zacks Investment Research downgraded Switch from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Switch presently has an average rating of “Hold” and an average target price of $21.83.

Shares of Switch (NYSE SWCH) traded up $0.01 on Wednesday, hitting $14.96. The stock had a trading volume of 23,822 shares, compared to its average volume of 723,479. Switch has a 1 year low of $14.89 and a 1 year high of $24.90. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18.

Switch (NYSE:SWCH) last issued its earnings results on Monday, November 13th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $95.81 million. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. research analysts predict that Switch will post 0.02 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new position in shares of Switch during the fourth quarter valued at approximately $2,204,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Switch during the fourth quarter valued at approximately $1,486,000. Shikiar Asset Management Inc. acquired a new position in shares of Switch during the fourth quarter valued at approximately $1,157,000. American Assets Capital Advisers LLC acquired a new position in shares of Switch during the fourth quarter valued at approximately $720,000. Finally, Buckley Wealth Management LLC acquired a new position in shares of Switch during the fourth quarter valued at approximately $692,000. 0.24% of the stock is owned by institutional investors and hedge funds.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)

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