Why FireEye (FEYE) Is Gaining Today

NEW YORK (TheStreet) -- FireEye (FEYE) 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.

Must read: Warren Buffett's 10 Favorite Dividend Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

FEYE ChartFEYE 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.

More from Markets

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes