Analysts Come Out Bullish On Mobile Iron; Shares Rally ~9%

A number of analysts released notes Monday morning initiating coverage on Mobile Iron (NASDAQ: MOBL) with the equivalent of a Buy rating.

The Street reacted favorably to the analyst sentiment, as the stock went up over nine percent in the early hours of Monday's market session. Shares have retreated a bit, trading up 6.8 percent from the previous close.

Below is a list of the analyst firms with their respective rating and price target.

Nomura: Buy, $13 - summary

• Stifel: Buy, $13 - summary
• Deutsche Bank: Buy, $13 - summary
• Morgan Stanley: Overweight, $13 - summary
• Goldman Sachs: Buy, $13
• Barclays: Overweight, $15