Aruba Networks (NASDAQ: ARUN) had its price target upped by Needham & Company from $23.00 to $25.00 in a research note released on Friday morning. They currently have a buy rating on the stock.
A number of other firms have also recently commented on ARUN. Analysts at Stifel Nicolaus raised their price target on shares of Aruba Networks to $28.00 in a research note to investors on Friday. Separately, analysts at Deutsche Bank raised their price target on shares of Aruba Networks from $17.00 to $22.00 in a research note to investors on Friday. They now have a hold rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Aruba Networks from $26.00 to $28.00 in a research note to investors on Friday. They now have an overweight rating on the stock.
Seventeen analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have assigned a hold rating to the stock. Aruba Networks presently has a consensus rating of overweight and an average target price of $25.85.
Aruba Networks opened at 24.51 on Friday. Aruba Networks has a 52-week low of $12.36 and a 52-week high of $26.78. The stock’s 50-day moving average is currently $22.50. The company has a market cap of $2.759 billion and a price-to-earnings ratio of 422.59.
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