Datto Holding Corp. – Consensus Indicates Potential 40.0% Upside

Broker Ratings

Datto Holding Corp. with ticker code (MSP) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 36 and 30 with the average target price sitting at 33.2. With the stocks previous close at 23.72 this indicates there is a potential upside of 40.0%. The day 50 moving average is 25.58 while the 200 day moving average is 25.77. The company has a market cap of $3,890m. Company Website: http://www.datto.com

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 Windows-based 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.

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