BTIG Upgrades A10 Networks (ATEN) After Strong Earnings and Outlook
A computer network engineer operating a control panel with a view of a server room in the background.
BTIG set the price target at $22, a 23% implied upside from the current price of $17.88. The analyst said that the company is growing confident that it will continue to grow at a decent pace. It's revenue is expected to grow at high-single digits this year, and 'the possibility of crossing double-digit territory', the analyst said. The analyst also increased his revenue estimate for the company by 2 percentage points citing that better execution in the last 4 quarters.
A10 Networks, Inc. (NYSE:ATEN) provides security application delivery and network infrastructure for edge cloud computing, hybrid cloud and on premises environments.
While we acknowledge the potential of ATEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Battery Technology Stocks to Buy Right Now and 10 Best Military Tech Stocks to Buy Now
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