The Ratings Game: FireEye’s stock rallies to best price in more than six months as analysts see turnaround

FireEye Inc.’s stock price surged to its highest level in more than six months Wednesday after many analysts agreed the cybersecurity company’s transition from appliances to software and services is heading in the right direction and a quarter of them hiked their price targets.

FireEye FEYE, +10.36% shares rallied more than 11% Wednesday, reaching an intraday high of $19, after earnings and billing topped Wall Street expectations late Tuesday, and were on track for the stock’s best one-day percentage gain since May 2017.

In comparison, the S&P 500 index SPX, +1.92% is up 1.8% and the tech-heavy Nasdaq Composite Index COMP, +2.75% is up 2.6%.

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