RE: Jefferies30 Apr 2022 10:06
This analysis was overlooked by many in January and doesn’t appear on the LSE broker views list for Darktrace.
Piper Sandler analyst Rob Owens upgraded Darktrace to Overweight from Neutral. However, the analyst set a price target of 600p, down from 900p. Owens told investors in a research note that many of the demand drivers that positively impacted cybersecurity spending in 2021 remain in play as we enter 2022. He added there is a “relatively optimistic” IT spending outlook with security prioritisation forecasted to continue in 2022.