Wells Fargo & Company Forecasts Strong Price Appreciation for Versigent (NYSE:VGNT) Stock

Versigent (NYSE:VGNTGet Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $35.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 4.21% from the stock’s current price.

Several other analysts have also commented on VGNT. Wolfe Research initiated coverage on shares of Versigent in a research report on Thursday, April 30th. They set an “outperform” rating and a $53.00 price target on the stock. Royal Bank Of Canada initiated coverage on shares of Versigent in a research report on Tuesday, March 31st. They set a “sector perform” rating and a $28.00 price target on the stock. BNP Paribas Exane initiated coverage on shares of Versigent in a research report on Tuesday, April 28th. They set an “outperform” rating and a $41.00 price target on the stock. TD Cowen initiated coverage on shares of Versigent in a research report on Tuesday, April 14th. They set a “buy” rating and a $47.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Versigent in a research report on Tuesday, April 14th. They set a “buy” rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Read Our Latest Stock Report on Versigent

Versigent Price Performance

VGNT traded up $2.81 during trading on Wednesday, reaching $40.31. The company’s stock had a trading volume of 719,322 shares, compared to its average volume of 3,477,291. Versigent has a 1 year low of $26.34 and a 1 year high of $40.96.

Versigent (NYSE:VGNTGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported $999.00 earnings per share for the quarter.

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Analyst Recommendations for Versigent (NYSE:VGNT)

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