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Carbonite Inc (NASDAQ:CARB) stock price target bumped up to $17.00, released a report earlier today by Zacks Investment Research

Boasting a price of $14.77, Carbonite Inc (NASDAQ:CARB) traded 2.29% higher on the day. The last stock price close is up 46.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Carbonite Inc has recorded a 50-day average of $14.66 and a two hundred day average of $11.00. Volume of trade was down over the average, with 306,635 shares of CARB changing hands under the typical 352,425

Indicating a potential upside of 0.15%, Zacks Investment Research bumped up the target price of Carbonite Inc (NASDAQ:CARB) to $17.00

Performance Chart

Carbonite Inc (NASDAQ:CARB)

With a market cap of $0, Carbonite Inc has 52 week low of $6.50 and a 52 week high of $16.27 .

In addition to Zacks Investment Research reporting its stock price target, a total of 4 equity analysts have released a research note on CARB. The consensus target price is $12.00 with 1 firm rating the stock a strong buy, 1 broker rating the stock a buy, two analysts rating the company a hold, one brokerage rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Carbonite Inc (NASDAQ:CARB)

Carbonite, Inc. (Carbonite) is a provider of cloud and business continuity solutions. The Company's solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore. Carbonite Personal solution, which includes unlimited cloud backup for approximately one computer at over three different service levels, including Personal Basic, Personal Plus and Personal Prime for individuals. Carbonite Pro, the Company's small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual fee based on the amount of storage needed. Carbonite Server Backup, the Company's hybrid server backup solution that protects an unlimited number of servers, databases and live applications. It offers over three solutions, such as MailStore Server, MailStore Provider Edition and MailStore Home.

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