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NEW YORK (TheStreet) -- FireEye(FEYE - Get Report) was gaining 8.5% to $95.69 Wednesday following a raised price target from FBR Capital.
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.