Google, Inc. (NASDAQ:GOOG), Citrix Systems, Inc.(NASDAQ:CTXS) to collaborate on Chromebooks

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Citrix Systems, Inc. (NASDAQ:CTXS) announced it is working with Google, Inc. (NASDAQ:GOOG) to deliver Windows (MSFT) apps to Google Chromebooks. Citrix announced a promotional discount of 25% for XenApp Platinum edition, the flagship version that also includes Citrix AppDNA application management technology. AppDNA speeds up the migration for Microsoft customers from Windows XP to the newest versions. The promotion begins April 8, the date that Windows XP reaches end-of-life.

Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 1 Hold Rating and 3 Buy ratings on the stock.

The most recent analyst action consisted of upgrading the stock from Underperform to Neutral on March 11th, 2014.

Analysts have a consensus price target of $69.44 on Citrix Systems, Inc.(NASDAQ:CTXS) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.52. There are currently 12 Hold Ratings, 19 Buy ratings and 2 Sell ratings on the stock.

The most recent analyst action consisted of Zacks reiterating their neutral rating and $58 price target on April 8th, 2014.

 

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