The stock of MINDBODY Inc (NASDAQ:MB) reached all time high today, Nov, 22 and still has $24.25 target or 8.00% above today’s $22.45 share price. This indicates more upside for the $919.55M company. This technical setup was reported by Barchart.com. If the $24.25 PT is reached, the company will be worth $73.56 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 108,353 shares traded hands. MINDBODY Inc (NASDAQ:MB) has risen 61.06% since April 20, 2016 and is uptrending. It has outperformed by 56.50% the S&P500.
MINDBODY Inc (NASDAQ:MB) Ratings Coverage
Out of 6 analysts covering Mindbody Inc (NASDAQ:MB), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Mindbody Inc has been the topic of 8 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Roth Capital initiated it with “Buy” rating and $22.50 target price in Friday, September 23 report. The firm has “Overweight” rating given on Tuesday, September 13 by KeyBanc Capital Markets. Imperial Capital initiated it with “Outperform” rating and $18 target price in Tuesday, June 7 report. The stock of MINDBODY Inc (NASDAQ:MB) earned “Outperform” rating by Imperial Capital on Friday, July 29. The stock of MINDBODY Inc (NASDAQ:MB) has “Equal-Weight” rating given on Monday, September 28 by Morgan Stanley. Imperial Capital maintained the shares of MB in a report on Monday, October 31 with “Outperform” rating.
According to Zacks Investment Research, “MINDBODY, Inc. develops cloud-based business management software and payments platform for the wellness services industry. Its platform enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales for yoga, Pilates, barre, indoor cycling, personal training, martial arts and dance exercise, as well as spas, salons, music instruction studios, dance studios, childrens activity center and integrative health centers. MINDBODY, Inc. is headquartered in San Luis Obispo, California.”
More news for MINDBODY Inc (NASDAQ:MB) were recently published by: Fool.com, which released: “Why Mindbody Inc. Stock Surged Today” on October 27, 2016. Equitiesfocus.com‘s article titled: “MINDBODY Inc (NASDAQ:MB) Quarterly EPS From Continuing Operations Stands At …” and published on November 22, 2016 is yet another important article.
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