Credit Suisse Group Reiterates “$22.00” Price Target for Switch (SWCH)

Switch (NYSE:SWCH) received a $22.00 target price from stock analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 26.44% from the stock’s current price.

SWCH has been the subject of a number of other research reports. Raymond James Financial began coverage on Switch in a research note on Tuesday, October 31st. They set a “market perform” rating for the company. Goldman Sachs Group began coverage on Switch in a research note on Tuesday, October 31st. They set a “neutral” rating for the company. Citigroup began coverage on Switch in a research note on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price target for the company. JPMorgan Chase & Co. began coverage on Switch in a research note on Tuesday, October 31st. They set an “overweight” rating and a $22.00 price target for the company. Finally, BMO Capital Markets began coverage on Switch in a research note on Tuesday, October 31st. They set an “outperform” rating and a $23.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Switch currently has an average rating of “Buy” and an average price target of $21.83.

Shares of Switch (NYSE:SWCH) opened at $17.40 on Wednesday. Switch has a 12-month low of $15.77 and a 12-month high of $24.90. The company has a debt-to-equity ratio of 5.18, a current ratio of 0.34 and a quick ratio of 0.34.

Switch (NYSE:SWCH) last released its quarterly earnings results on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $95.81 million. The company’s quarterly revenue was up 19.6% on a year-over-year basis. analysts anticipate that Switch will post 0.02 EPS for the current fiscal year.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)

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