NetSuite Price Target Increased to $121.00 by Analysts at Lazard Capital Markets (N)
Lazard Capital Markets boosted their price target on shares of NetSuite (NYSE:N) from $110.00 to $121.00 in a research note issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Lazard Capital Markets’ target price points to a potential upside of 15.60% from the stock’s previous close.
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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NetSuite (NYSE:N) opened at 104.67 on Friday. NetSuite has a 1-year low of $55.00 and a 1-year 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 announced its earnings results 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. On average, analysts predict that NetSuite will post $0.27 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of NetSuite from $105.00 to $125.00 in a research note to investors on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of NetSuite from $85.00 to $110.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of NetSuite from $80.00 to $95.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $99.33.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.