Sciquest Given New $28.00 Price Target at Raymond James (SQI)
Equities research analysts at Raymond James raised their price objective on shares of Sciquest (NASDAQ:SQI) from $25.50 to $28.00 in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 19.97% from the company’s current price.
SQI has been the subject of a number of other recent research reports. Analysts at William Blair upgraded shares of Sciquest (NASDAQ:SQI) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 10th. Analysts at Canaccord Genuity downgraded shares of Sciquest (NASDAQ:SQI) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 2nd. They now have a $22.00 price target on the stock, down previously from $27.00.
Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sciquest currently has an average rating of “Buy” and a consensus price target of $24.75.
Shares of Sciquest (NASDAQ:SQI) traded down 4.07% during mid-day trading on Tuesday, hitting $23.34. 144,546 shares of the company’s stock traded hands. Sciquest has a one year low of $13.13 and a one year high of $26.00. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $22.92. The company’s market cap is $534.1 million.
SciQuest, Inc is a United States-based company that provides an integrated, Web-based end-to-end e-procurement solution.
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