I like PING in the space>
Ping Identity initiated with an Overweight at Wells Fargo 16:17 PING Wells Fargo analyst Andrew Nowinski initiated coverage of Ping Identity with an Overweight rating and $32 price target. The analyst believes Ping's PingOne Cloud Platform "will ultimately lead to long-term share gains." Further, the "powerful combination of several other key drivers" have the potential to lift the company's overall revenue growth to the 20% threshold or higher over time, Nowinski tells investors in a research note. He believes the stock's risk/reward is attractive.
Ping Identity initiated with an Overweight at Wells Fargo 16:17 PING Wells Fargo analyst Andrew Nowinski initiated coverage of Ping Identity with an Overweight rating and $32 price target. The analyst believes Ping's PingOne Cloud Platform "will ultimately lead to long-term share gains." Further, the "powerful combination of several other key drivers" have the potential to lift the company's overall revenue growth to the 20% threshold or higher over time, Nowinski tells investors in a research note. He believes the stock's risk/reward is attractive.