Why Mobile Iron (MOBL) Stock Is Jumping In Pre-Market Trading

NEW YORK (TheStreet) -- Shares of Mobile Iron Inc. (MOBL) are gaining 7.64% to $10.57 in pre-market trading on Monday after several analysts initiated coverage on the company, which provides security and management solutions for mobile applications, content and devices, with strong ratings.

Barclays (BCS) initiated coverage with an "overweight" rating and $15 price target due to the firm's belief Mobile Iron is one of the fastest growing enterprise mobility management vendors and is well positioned to come out as an industry leader.

Morgan Stanley (MS) also initiated coverage with an "overweight" rating.

Several other firms initiated coverage on the stock with a "buy' rating, including Deutsche Bank (DB), Nomura (NMR), Stifel Financial Corp., (SF), and Goldman Sachs (GS).

Must Read: Warren Buffett's 25 Favorite Stocks

MOBL Chart MOBL data by YCharts

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