Secureworks price target raised to $7 from $6 at Barclays

Barclays raised the firm’s price target on Secureworks to $7 from $6 and keeps an Underweight rating on the shares. The company reported Q2 results in line with the guidance as Taegis continues to perform as expected, the analyst tells investors in a research note. The firm highlights the difficult compare in fiscal 2025 from the re-solutioning benefit in 2024 will normalize next year.