Citi analyst Walter Pritchard raised his price target for Citrix Systems to $120 from $94 citing increased conviction in the stock post his analysis on subscription transition and drivers of top-line and profitability growth. The analyst sees upside to Street numbers and management targets. Citrix continues to operate in a "strong cost discipline environment," which creates room for continued growth in year-over-year operating margins, Pritchard tells investors in a research note. The analyst sees "multiple catalysts ahead" and keeps a Buy rating on the shares.