FBR Capital raised its price target for the cyber security company to $105 from $90, maintaining its "outperform" rating for the stock. The upgraded price target is due to the analyst firm seeing "explosive demand" for FireEye and Mandiant, which FireEye recently acquired, in March quarter channel checks.
FBR Capital says FireEye's current full-year 2014 outlook looks conservative.
Must read: Warren Buffett's 10 Favorite Dividend StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. FEYE data by YCharts
> STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts