NetSuite PT Raised to $95.00 (N)
Research analysts at Deutsche Bank increased their target price on shares of NetSuite (NYSE:N) from $80.00 to $95.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 13.56% from the company’s current price.
NetSuite (NYSE:N) traded down 4.82% during mid-day trading on Friday, hitting $104.60. 830,902 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’s 50-day moving average is $98.02 and its 200-day moving average is $88.21. The company’s market cap is $7.759 billion.
NetSuite (NYSE:N) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.08 earnings per share. NetSuite’s revenue was up 34.0% compared to the same quarter last year. Analysts expect that NetSuite will post $0.27 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on N. Analysts at Northland Capital Partners raised their price target on shares of NetSuite from $100.00 to $125.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $94.68.
In other NetSuite news, Chairman Evan Goldberg unloaded 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $106.13, for a total transaction of $2,122,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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