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Analysts at Canaccord Genuity upped their price objective on shares of E2OPEN (NASDAQ:EOPN) from $24.00 to $28.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. Canaccord Genuity’s target price would indicate a potential upside of 17.01% from the stock’s previous close.

A number of other analysts have also recently weighed in on EOPN. Analysts at Janney Montgomery Scott initiated coverage on shares of E2OPEN in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Analysts at Needham & Company raised their price target on shares of E2OPEN from $20.00 to $28.00 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a buy rating, E2OPEN presently has a consensus rating of “Buy” and a consensus target price of $25.17.

Shares of E2OPEN (NASDAQ:EOPN) opened at 23.93 on Friday. E2OPEN has a 52 week low of $12.27 and a 52 week high of $26.40. The stock’s 50-day moving average is $22.85 and its 200-day moving average is $21.40. The company’s market cap is $634.3 million.

E2OPEN (NASDAQ:EOPN) last issued its quarterly earnings data on Thursday, January 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.03. The company had revenue of $18.30 million for the quarter, compared to the consensus estimate of $18.41 million. During the same quarter last year, the company posted $0.04 earnings per share. E2OPEN’s revenue was down 3.1% compared to the same quarter last year. Analysts expect that E2OPEN will post $-0.55 EPS for the current fiscal year.

E2open, Inc is a provider of cloud-based, on-demand software solutions. The Company’s software applications allow network participants to input, access and share data and execute business processes across internal operating units and external entities.

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