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Investment analysts at Canaccord Genuity lowered their price target on shares of E2open (NASDAQ:EOPN) from $28.00 to $22.00 in a note issued to investors on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 21.01% from the company’s current price.

Shares of E2open (NASDAQ:EOPN) opened at 18.18 on Friday. E2open has a 52 week low of $13.45 and a 52 week high of $29.82. The stock’s 50-day moving average is $22.53 and its 200-day moving average is $23.28. The company’s market cap is $483.9 million.

E2open (NASDAQ:EOPN) last released its earnings data on Thursday, April 24th. The company reported ($0.13) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.01. The company had revenue of $19.96 million for the quarter, compared to the consensus estimate of $20.13 million. During the same quarter last year, the company posted ($0.06) earnings per share. E2open’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that E2open will post $-0.26 EPS for the current fiscal year.

EOPN has been the subject of a number of other recent research reports. Analysts at Stephens initiated coverage on shares of E2open in a research note on Wednesday, March 26th. They set an “overweight” rating and a $30.00 price target on the stock. Separately, analysts at B. Riley initiated coverage on shares of E2open in a research note on Friday, March 7th. They set a “buy” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of E2open in a research note on Thursday, February 20th. They now have a $29.00 price target on the stock, up previously from $25.00. Eight investment analysts have rated the stock with a buy rating, E2open currently has an average rating of “Buy” and a consensus price target of $26.86.

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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