Datto Holding Corp. with ticker code (MSP) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 35.5 and 29 calculating the mean target price we have 34.25. Given that the stocks previous close was at 34.99 this would indicate that there is a downside of -2.1%. The day 50 moving average is 34.65 and the 200 day MA is 27.66. The company has a market capitalisation of $5,822m. You can visit the company’s website by visiting: https://www.datto.com
The potential market cap would be $5,698m based on the market concensus.
Datto Holding Corp. provides cloud-based software and technology solutions for delivery through the managed service provider (MSP) channel to small and medium businesses in the United States and internationally. Its Unified Continuity products include Business Continuity and Disaster Recovery that protects servers and workstations, and minimize downtime; Cloud Continuity, an image-based continuity solution for laptops and desktops; SaaS Protection +, an automated and secure backup and restoration product; Workplace, a cloud-hosted file sync and share solution, which enable end-users to synchronize files across platforms, including mobile devices; and File Protection, an MSP-managed secure and scalable backup product that enables MSPs to protect and recover files and folders on workstations and laptops. The company’s networking Products comprise access points, switches, edge routers, and managed power devices. Its business management products consist of Autotask Professional Services Automation, an IT business management product; and remote monitoring and management. The company was formerly known as Merritt Topco and changed its name to Datto Holding Corp. in January 2020. Datto Holding Corp. was founded in 2007 and is headquartered in Norwalk, Connecticut.
