Concur Technologies Price Target Raised to $110.00 at JPMorgan Chase & Co. (CNQR)
Equities researchers at JPMorgan Chase & Co. lifted their price target on shares of Concur Technologies (NASDAQ:CNQR) from $100.00 to $110.00 in a research report issued on Thursday, ARN reports. JPMorgan Chase & Co.’s price target points to a potential downside of 13.69% from the company’s current price.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, January 29th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.08. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $156.24 million. During the same quarter last year, the company posted $0.30 earnings per share. Concur Technologies’s revenue was up 32.8% compared to the same quarter last year.
A number of other analysts have also recently weighed in on CNQR. Analysts at Deutsche Bank upgraded shares of Concur Technologies from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd. They now have a $125.00 price target on the stock, up previously from $100.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note to investors on Friday, November 15th. They now have a $102.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Concur Technologies from $110.00 to $120.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Concur Technologies presently has an average rating of “Hold” and a consensus price target of $106.57.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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