Sophos

ANALYSTS at Deutsche Bank say now is the time to snap up shares in cyber-security specialist Sophos.

They hiked their target price for the firm to 430p and reiterated a ‘buy’ rating.

The bank pointed to growth in billings at Sophos and said it had also improved margins. It added: ‘Given its highly predictable subscription-based business model, we think these targets are well underpinned.’