What Do Analysts Recommend for Citrix Systems after 1Q16 Results?

Citrix Beat Expectations with Its 1Q16: Here's Why

(Continued from Prior Part)

Wall Street analysts’ view on Citrix Systems

Earlier in this series, we looked at VMware (VMW) and Citrix Systems’ (CTXS) recently announced fiscal 1Q16 results. In the virtualization space, both Citrix and VMware compete with Microsoft’s (MSFT) Hyper-V and Red Hat’s (RHT) RHEV Desktop and server virtualization platform.

Now, let’s take a look at select market-centric views and metrics for Citrix. Let’s start with Wall Street analysts’ views on the company. As we can see in the graph below, of the 31 analyst recommendations on Citrix stock, 52% were “hold” as of April 20 while about 45% were “buy” recommendations. There is only one “sell” recommendation on the stock.

Recently, Steven Ashley, an analyst at Robert W. Baird, reiterated an “outperform” rating on Citrix with a price target of $85.

Citrix’s price performance

Citrix’s stock price movement for the past month has been positive. As of April 20, the company’s stock has risen ~5.6%.

The Wall Street consensus target price for Citrix is $83 per share. The median target price was $83.50 as of April 20. Citrix’s closing price was $80.52 on the same date.

You can consider investing in the SPDR S&P 500 (SPY) to gain exposure to the technology sector. The ETF invests about 18% of its holdings in the technology sector.

Browse this series on Market Realist:

• Part 1 - Citrix Keeps Beating Earnings Estimates: Let’s Take a Look

• Part 2 - What Drove Citrix’s Stock after Its Fiscal 1Q16 Results?