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A statement released earlier today by Morgan Stanley about MobileIron (NASDAQ:MOBL) bumps down the target price to $2.75

In an issued report on 9/19/2016 Morgan Stanley dropped the target price of MobileIron (NASDAQ:MOBL) from $7 to $3 reporting a possible upside of 0.02%.

Previously on 9/13/2016, Wunderlich Securities released a statement about MobileIron(NASDAQ:MOBL) lowered the target price from $7.00 to $3.00. At the time, this suggested an upside of 0.02%.

Only yesterday MobileIron (NASDAQ:MOBL) traded 0.00% even at $2.70. The company’s 50-day average is $3.17 and its 200-day moving average is $3.53. The last stock price is down 23.41% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. Trading volume was down over the average, with 0 shares of MOBL changing hands under the typical 223,984 shares..

Recent Performance Chart:

MobileIron (NASDAQ:MOBL)

MobileIron has a one-year low of $2.75 and a one-year high of $4.78 and has a market cap of $0.0.

Also covering MobileIron’s target price, a total of 9 brokerages have issued a report on the stock. The average target price is $5.69 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.

More About MobileIron (NASDAQ:MOBL)

MobileIron, Inc., formerly Mobile Iron, Inc., provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise. Its platform is composed of over three integrated and distributed software components, including a mobile IT policy server or Core that allows IT departments to define security and device management policies across mobile operating systems; software on the device or Client that carries out policies at the mobile end-point, and an in-line gateway or Sentry that secures data as it moves between the device and back-end enterprise systems. Its platform enables areas of functionality, including Mobile Device Management, Mobile Application Management, Mobile Content Management and Advanced Services. Its customers include industries, and such as financial services and telecommunications.

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