New York: MINDBODY (NASDAQ:MB) Stock Has Just Had Its Overweight Rating Reiterated by KeyBanc. Shares now Have a $47 Target

March 14, 2018 - By wolcottdaily

 New York: MINDBODY (NASDAQ:MB) Stock Has Just Had Its Overweight Rating Reiterated by KeyBanc. Shares now Have a $47 Target

MINDBODY (NASDAQ:MB) Rating Reaffirmed

Recently, In a research note shared with investors on 13 March, MINDBODY (NASDAQ:MB) shares have had their Overweight Rating reconfirmed by research professionals at KeyBanc, who currently has a $47 target price on firm. This target by KeyBanc indicates the possibile upside of 13.66 % from the current price.

MINDBODY, Inc. (NASDAQ:MB) Ratings Coverage

Among 12 analysts covering Mindbody Inc (NASDAQ:MB), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Mindbody Inc has $47 highest and $17 lowest target. $38.18’s average target is -7.67% below currents $41.35 stock price. Mindbody Inc had 30 analyst reports since September 28, 2015 according to SRatingsIntel. UBS maintained MINDBODY, Inc. (NASDAQ:MB) on Thursday, November 9 with “Buy” rating. Morgan Stanley downgraded MINDBODY, Inc. (NASDAQ:MB) rating on Monday, September 28. Morgan Stanley has “Equal-Weight” rating and $17 target. J.P. Morgan initiated it with “Buy” rating and $3800 target in Friday, June 9 report. The stock has “Buy” rating by KeyBanc Capital Markets on Sunday, October 22. Roth Capital maintained MINDBODY, Inc. (NASDAQ:MB) on Wednesday, February 14 with “Buy” rating. KeyBanc Capital Markets maintained the shares of MB in report on Tuesday, March 13 with “Overweight” rating. Northland Capital maintained it with “Buy” rating and $34.0 target in Thursday, September 28 report. The stock of MINDBODY, Inc. (NASDAQ:MB) has “Overweight” rating given on Tuesday, September 13 by KeyBanc Capital Markets. Pacific Crest downgraded the shares of MB in report on Friday, May 5 to “Sector Weight” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 22.

The stock increased 0.24% or $0.1 during the last trading session, reaching $41.35. About 257,522 shares traded. MINDBODY, Inc. (NASDAQ:MB) has risen 108.43% since March 14, 2017 and is uptrending. It has outperformed by 91.73% the S&P500.

Analysts await MINDBODY, Inc. (NASDAQ:MB) to report earnings on May, 3. They expect $-0.04 earnings per share, up 55.56 % or $0.05 from last year’s $-0.09 per share. After $-0.06 actual earnings per share reported by MINDBODY, Inc. for the previous quarter, Wall Street now forecasts -33.33 % EPS growth.

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. The company has market cap of $1.95 billion. The Company’s platform enables businesses to run, market, and build client scheduling and online booking, staff management, client relationship management, integrated payment processing, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, branded Web, social integration, cloud architecture, open platform for third-party application development, security and compliance, and integration with other cloud partners for yoga, Pilates, barre, indoor cycling, personal training, martial arts, and dance exercise, spas, salons, music instruction studios, dance studios, childrenÂ’s activity centers, and integrative health centers. It currently has negative earnings. The firm offers its software platform to its subscribers as a subscription service.

More news for MINDBODY, Inc. (NASDAQ:MB) were recently published by:, which released: “MINDBODY Acquires FitMetrix” on February 20, 2018.‘s article titled: “MINDBODY to Acquire Booker Software” and published on March 12, 2018 is yet another important article.

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