Berenberg Bank Increases Darktrace (LON:DARK) Price Target to GBX 850

Darktrace (LON:DARK) had its price target upped by research analysts at Berenberg Bank from GBX 750 ($9.80) to GBX 850 ($11.11) in a report issued on Wednesday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 17.89% from the company’s previous close.

Shares of LON DARK opened at GBX 721 ($9.42) on Wednesday. The company’s 50-day moving average is GBX 643.15. The stock has a market cap of £5.03 billion and a P/E ratio of -0.38. Darktrace has a 52-week low of GBX 250 ($3.27) and a 52-week high of GBX 787 ($10.28).

Darktrace Company Profile

Darktrace plc operates as an autonomous cyber security artificial intelligence (AI) company in the United Kingdom and internationally. The company offers cyber defense solutions, which autonomously detects, investigates, and responds to advanced cyber-threats, including insider threat, remote working risks, ransomware, data loss, and supply chain vulnerabilities.

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