TIBCO Software (TIBX) Given New $27.00 Price Target by Macquarie Analysts.
Friday, June 24, 2021 11:40 AM

Equities research analysts at Macquarie boosted their price target on shares of TIBCO Software (NASDAQ: TIBX) from $24.00 to $27.00 in a research note to investors on Friday. The analysts currently have a "neutral" rating on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) raised their EPS on shares of TIBCO Software in a research note to investors on Friday. They now have a "neutral" rating and a $27.00 price target on the stock. Also, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of TIBCO Software to $25.00 in a research note to investors on Friday.

Shares of TIBCO Software traded up 2.12% during mid-day trading on Monday, hitting $26.55. TIBCO Software has a 52 week low of $10.74 and a 52 week high of $30.75. The stock's 50-day moving average is $27.28 and its 200-day moving average is $24.88. The company has a market cap of $4.293 billion and a price-to-earnings ratio of 53.17.

TIBCO Software last announced its quarterly results on Thursday, June 23rd. The company reported $0.21 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.18 EPS by $0.03. The company’s quarterly revenue was up 24.9% on a year-over-year basis. On average, analysts predict that TIBCO Software will post $0.21 EPS next quarter.

TIBCO Software Inc. (TIBCO) is a provider of infrastructure software. The Company’s software offerings enable customers to create configurable applications from software infrastructure. TIBCO, TIBCO Software, The Information Bus, TIB, The Power of Now, Spotfire, Insightful, DataSynapse and Foresight are the Company’s brands in the United States and other countries. TIBCO offers a range of software products. The Company divides its products into three groups: service-oriented architecture (SOA), business optimization and business process management (BPM). On August 21, 2009, it acquired DataSynapse, Inc. On December 31, 2009, the Company acquired Foresight Corporation. In March 2010, the Company acquired Netrics. In September 2010, the Company acquired Proginet Corporation. In September 2010, the Company acquired OpenSpirit Corporation. In December 2010, the Company acquired Loyalty Lab Inc.

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