Magnet Forensics (OTC:MAGTF) PT Lowered to C$35.00 at Royal Bank of Canada

Magnet Forensics (OTC:MAGTFGet Rating) had its target price cut by Royal Bank of Canada from C$42.00 to C$35.00 in a research note released on Friday morning, The Fly reports.

Other analysts have also issued reports about the stock. CIBC started coverage on shares of Magnet Forensics in a research note on Thursday, February 3rd. They set an outperform rating on the stock. Canaccord Genuity Group cut their price target on shares of Magnet Forensics from C$48.00 to C$45.00 in a research note on Friday, January 28th.

Shares of MAGTF stock remained flat at $$18.39 on Friday. The company’s 50-day moving average price is $21.12. Magnet Forensics has a 12-month low of $18.39 and a 12-month high of $46.25.

About Magnet Forensics (Get Rating)

Magnet Forensics Inc, together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, and Europe. It offers Magnet AXIOM, a digital investigations platform to recover analyze, and report on digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM.

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