NetSuite PT Raised to $125.00 at Northland Capital Partners (N)
Northland Capital Partners increased their target price on shares of NetSuite (NYSE:N) from $100.00 to $125.00 in a research note issued on Friday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective would suggest a potential upside of 19.42% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of NetSuite from $85.00 to $100.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $94.68.
In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $106.13, for a total value of $2,122,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of NetSuite (NYSE:N) traded down 4.76% on Friday, hitting $104.67. 1,235,285 shares of the company’s stock traded hands. NetSuite has a 52 week low of $55.00 and a 52 week high of $107.97. The stock has a 50-day moving average of $98.02 and a 200-day moving average of $88.21. The company’s market cap is $7.765 billion.
NetSuite (NYSE:N) last released its earnings data on Thursday, October 24th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. On average, analysts predict that NetSuite will post $0.27 earnings per share for the current fiscal year.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.