Oppenheimer Reiterates Buy Rating for Mulesoft (NYSE:MULE)
Mulesoft (NYSE:MULE)‘s stock had its “buy” rating restated by investment analysts at Oppenheimer in a research report issued on Wednesday, January 3rd. They presently have a $30.00 price target on the stock. Oppenheimer’s price objective would indicate a potential upside of 21.02% from the stock’s current price.
Several other equities analysts have also recently issued reports on MULE. Zacks Investment Research upgraded shares of Mulesoft from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a research note on Saturday, September 23rd. Goldman Sachs Group upgraded shares of Mulesoft from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Monday, October 9th. Canaccord Genuity upgraded shares of Mulesoft from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $29.00 in a research note on Monday, October 23rd. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Mulesoft in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Mulesoft presently has an average rating of “Buy” and an average target price of $28.20.
Mulesoft (NYSE MULE) traded down $0.24 on Wednesday, reaching $24.79. 131,421 shares of the company’s stock traded hands, compared to its average volume of 1,067,235. Mulesoft has a 1-year low of $19.40 and a 1-year high of $29.00.
Several hedge funds have recently bought and sold shares of MULE. Schwab Charles Investment Management Inc. purchased a new position in shares of Mulesoft in the second quarter valued at $629,000. Rhumbline Advisers purchased a new position in shares of Mulesoft in the second quarter valued at $415,000. Bank of New York Mellon Corp grew its holdings in shares of Mulesoft by 274.2% in the second quarter. Bank of New York Mellon Corp now owns 90,630 shares of the company’s stock valued at $2,261,000 after purchasing an additional 66,412 shares in the last quarter. Cipher Capital LP purchased a new position in shares of Mulesoft in the second quarter valued at $693,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Mulesoft by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 1,214,225 shares of the company’s stock valued at $30,283,000 after purchasing an additional 465,595 shares in the last quarter. 23.75% of the stock is owned by hedge funds and other institutional investors.
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Mulesoft Company Profile
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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