Sierra Wireless Price Target Increased to $22.00 by Analysts at Canaccord Genuity (SWIR)
October 14th, 2013 - 0 comments - Filed Under - by Charles Edwardson
Equities research analysts at Canaccord Genuity increased their price objective on shares of Sierra Wireless (NASDAQ:SWIR) from $16.00 to $22.00 in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 12.53% from the company’s current price.
A number of other analysts have also recently weighed in on SWIR. Analysts at RBC Capital raised their price target on shares of Sierra Wireless from $16.00 to $20.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Sierra Wireless in a research note to investors on Tuesday, September 24th. They set an “overweight” rating and a $18.00 price target on the stock. Finally, analysts at Salman Partners upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $16.75 price target on the stock, up previously from $10.10. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sierra Wireless presently has an average rating of “Buy” and an average price target of $15.39.
