NetSuite Given New $115.00 Price Target at JMP Securities (N)
Stock analysts at JMP Securities lifted their target price on shares of NetSuite (NYSE:N) from $98.00 to $115.00 in a report issued on Tuesday, ARN reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 5.32% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of NetSuite to a “hold” rating in a research note to investors on Tuesday, July 30th. Separately, analysts at Canaccord Genuity raised their price target on shares of NetSuite from $75.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Finally, analysts at Barclays raised their price target on shares of NetSuite from $106.00 to $115.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NetSuite presently has an average rating of “Hold” and a consensus price target of $91.78.
NetSuite (NYSE:N) traded up 0.78% during mid-day trading on Tuesday, hitting $109.19. The stock had a trading volume of 381,102 shares. NetSuite has a one year low of $55.00 and a one year high of $107.97. The stock’s 50-day moving average is $98.02 and its 200-day moving average is $88.21. The company’s market cap is $8.100 billion.
NetSuite (NYSE:N) last released its earnings data on Thursday, July 25th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.03. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $100.62 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 35.2% on a year-over-year basis. Analysts expect that NetSuite will post $0.27 EPS for the current fiscal year.
In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of NetSuite stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $106.13, for a total value of $2,122,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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