Darktrace PLC -9.4% potential downside indicated by Bank of America

Darktrace PLC with ticker (LON:DARK) now has a potential downside of -9.4% according to Bank of America.



Bank of America set a target price of 240 GBX for the company, which when compared to the Darktrace PLC share price of 265 GBX at opening today (31/05/2023) indicates a potential downside of -9.4%. Trading has ranged between 198 (52 week low) and 561 (52 week high) with an average of 1,290,206 shares exchanging hands daily. The market capitalisation at the time of writing is £1,971,826,899.

Darktrace plc is a United Kingdom-based autonomous cyber security artificial intelligence (AI) company. The Company is focused on providing AI for enterprises. It provides enterprise-wide cyber defense to over 7,400 organizations in over 110 countries, protecting the cloud, email, Internet of things (IoT), traditional networks, endpoints and industrial systems. The Company’s platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT and industrial control systems. The Company provides its services to various industries, including financial services, manufacturing and supply, education, retail and e-commerce, energy and utilities, government and defense, technology and telecoms, legal and human resource, health and pharma, media and entertainment, and nonprofit. Its products include Darktrace PREVENT, Darktrace DETECT, Darktrace RESPOND and Darktrace HEAL.