Analyst Price Target is $12.93
▲ +66.18% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Sumo Logic in the last 3 months. The average price target is $12.93, with a high forecast of $21.00 and a low forecast of $8.00. The average price target represents a 66.18% upside from the last price of $7.78.
Current Consensus is
The current consensus among 6 contributing investment analysts is to hold stock in Sumo Logic. This Hold consensus rating has held steady for over two years.
Sumo Logic, Inc. provides cloud-native software-as-a-service platform that enables organizations to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing worldwide. It offers Continuous Intelligence Platform, a cloud-native, multi-tenant, and secure service that leverages to enable reliability and security of cloud applications and workloads. The company also provides observability solution, an out-of-the-box solution for managing their application reliability for cloud applications; and security solution that helps developers, security analysts, and security operation centers that detect threats, perform security analysis and forensics, and automate security responses to remediate against those threats for cloud applications. The company was incorporated in 2010 and is headquartered in Redwood City, California.