SolarWinds (SWI) PT Raised to $18.50 at Truist Securities

Truist Securities analyst Miller Jump raised the price target on SolarWinds (NYSE: SWI) to $18.50 (from $13.00) while maintaining a Hold rating.

The analyst comments "This morning SolarWinds announced that they have entered into an agreement to be acquired by Turn/River Capital. Viewing the existing Turn/River Capital portfolio, we do not see significant overlap in the observability space that would raise antitrust concerns. Given that the majority shareholders have agreed to the deal we see it as likely to close on the indicated Q2 timeline. We reiterate our Hold rating and increase our price target to $18.50 from $13.00, which is in-line with the announced acquisition price per share."

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