Ping Identity Holding Corp (PING)

[stockguard]

05/29/2020

Ping Identity initiated with an Overweight at Piper Sandler 06:15 PING Ping Identity $27.69 / +1.435 (+5.47%) Piper Sandler analyst Rob Owens initiated coverage of Ping Identity with an Overweight rating and $32 price target. The analyst sees identity "gaining in importance and wallet share" in the coming years as the cloud and virtual work continue to dissolve the network perimeter, and use-cases and identities expand beyond the workforce into customers. Ping's "best-in-breed" approach catering to large enterprises provides "ample runway" for growth into its $25B total addressable market, Owens tells investors in a research note.