Switch Inc (SWCH) Receives $22.25 Average PT from Brokerages
Shares of Switch Inc (NASDAQ:SWCH) have earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.20.
SWCH has been the topic of several recent research reports. Jefferies Group LLC initiated coverage on Switch in a research report on Tuesday. They set a “hold” rating on the stock. BTIG Research initiated coverage on Switch in a research report on Tuesday. They set a “buy” rating and a $22.00 price target on the stock. William Blair initiated coverage on Switch in a research report on Tuesday. They set an “outperform” rating on the stock. Credit Suisse Group initiated coverage on Switch in a research report on Tuesday. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Switch in a research report on Tuesday. They set a “market perform” rating on the stock.
In related news, insider Erin Thomas Morton purchased 300,000 shares of Switch stock in a transaction that occurred on Wednesday, October 11th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $5,100,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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.
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