Mimecast Ltd (MIME) Stock Forecast & Predictions

Mimecast Ltd MIME: $79.27

, 1 Finsbury Avenue, London, United Kingdom. | Sector: Information | Exchange: NASDAQ | Web: www.mimecast.com

  • Market Cap$5.30B
  • Change (52 Weeks)77.62%
  • Low (52 Weeks)$38.84
  • Mimecast Ltd (MIME) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Mimecast Ltd (MIME) is based on 18 Institutional Analyst Ratings where 33.33% are on Strong Buy, 16.67% on Moderate Buy, 50.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended MIME stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Mimecast Ltd.

    Mimecast Ltd (MIME) Stock Price Prediction By Analysts


    HighLowAverage
    $94.50$80.80$84.49
    $84.496.59% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for MIME set by the institutional analysts is $84.49 where High Estimate is $94.50, Median $81.6 and Low $80.80.

    The average price target for MIME by Institutional Analysts is $84.49, which is 6.59% Upside from the current price. So according to the Institutional Analysts, MIME Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Mimecast Ltd (MIME) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BarclaysEqual-WeightDowngraded
    Truist SecuritiesHoldDowngraded
    BerenbergHoldDowngraded
    NeedhamHoldDowngraded
    RBC CapitalOutperformMaintained
    RBC CapitalOutperformMaintained
    Stephens & Co.OverweightMaintained
    BarclaysOverweightMaintained
    Loop CapitalHoldDowngraded
    NeedhamBuyMaintained
    Stephens & Co.OverweightInitiated
    JefferiesHoldDowngraded
    BMO CapitalMarket PerformDowngraded
    Loop CapitalBuyInitiated
    JP MorganUnderweightDowngraded
    BarclaysOverweightMaintained
    WedbushNeutralMaintained
    SunTrust Robinson HumphreyBuyMaintained
    OppenheimerOutperformMaintained
    JP MorganNeutralMaintained
    BMO CapitalOutperformMaintained
    Cowen & Co.OutperformMaintained
    Northland Capital MarketsOutperformMaintained
    Goldman SachsNeutralInitiated
    WedbushNeutralMaintained
    RosenblattBuyMaintained
    BarclaysOverweightMaintained
    RosenblattBuyInitiated
    WedbushNeutralMaintained
    BerenbergBuyInitiated
    Cowen & Co.OutperformInitiated
    BMO CapitalOutperformMaintained
    Bank of AmericaBuyInitiated
    WedbushNeutralInitiated
    BMO CapitalOutperformMaintained
    BairdOutperformInitiated
    SunTrust Robinson HumphreyBuyInitiated
    Monness Crespi HardtBuyUpgraded
    JP MorganNeutralMaintained
    BMO CapitalOutperformMaintained
    Goldman SachsBuyUpgraded
    BMO CapitalOutperformMaintained
    BarclaysOverweightMaintained
    BMO CapitalOutperformInitiated
    Deutsche BankBuyInitiated
    JP MorganNeutralDowngraded
    OppenheimerOutperformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    NeedhamBuyInitiated
    BenchmarkBuyInitiated
    Summit Redstone PartnersBuyInitiated
    Brean CapitalBuyInitiated
    JP MorganOverweightInitiated
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    Goldman SachsNeutralDowngraded
    RBC CapitalOutperformInitiated
    OppenheimerOutperformInitiated
    JefferiesBuyInitiated
    Goldman SachsBuyInitiated
    BarclaysOverweightInitiated

    Mimecast Ltd (MIME) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.319
    The average consensus EPS for MIME is $0.319 with a high estimate of $0.399 and Low of $0.245 for the period 2022-03-31 and based on 15 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.4$0.34142022-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.35262022-09-30
    $0.4$0.34142022-06-30
    $0.32$0.2992022-03-31
    $0.28$0.23592021-12-31
    $0.33$0.2422021-09-30
    $0.32$0.20762021-06-30
    $0.22$0.16742021-03-31
    $0.15$0.12662020-12-31
    $0.14$0.11822020-09-30
    $0.13$0.09912020-06-30
    $0.08$0.06792020-03-31
    $0.07$0.08492019-12-31
    $0.09$0.06522019-09-30
    $0.06$0.03362019-06-30
    $0.04$0.03912019-03-31
    $-0.05$-0.01532018-12-31
    $0.03$0.01732018-09-30
    $0$0.0172018-06-30
    $0.01$0.00392018-03-31
    $0$-0.00082017-12-31
    $0$0.00112017-09-30
    $0.05$-0.01752017-06-30
    $0.04$-0.03912017-03-31
    $0$-0.03062016-12-31
    $0.06$-0.07962016-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).