Benchmark Co. Increases NetSuite Price Target to $100.00 (N)
Research analysts at Benchmark Co. raised their price objective on shares of NetSuite (NYSE:N) from $85.00 to $100.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s price target would suggest a potential downside of 4.46% from the company’s current price.
N has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of NetSuite from $84.00 to $100.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of NetSuite from $98.00 to $115.00 in a research note to investors on Tuesday. They now have a “market outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of NetSuite to a “hold” rating in a research note to investors on Tuesday, July 30th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $94.68.
In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $106.13, for a total value of $2,122,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NetSuite (NYSE:N) traded down 4.76% during mid-day trading on Friday, hitting $104.67. The stock had a trading volume of 1,235,285 shares. NetSuite has a 1-year low of $55.00 and a 1-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 $7.765 billion.
NetSuite (NYSE:N) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $105.70 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Analysts expect that NetSuite will post $0.27 EPS for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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