Dougherty & Co Starts eGain Corporation (EGAN) at Buy

March 28, 2013 10:49 AM EDT Send to a Friend
Get Alerts EGAN Hot Sheet
Price: $3.32 --0%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Dougherty & Co initiates coverage on eGain Corporation (NASDAQ: EGAN) with a Buy rating and a price target of $10.00.

"While the stock has almost doubled year‐to‐date, we believe that eGain has several near‐ to medium‐term catalysts in place to become a $100 million annual revenue run‐rate company exiting 2015. We also believe that the company's revenue growth outlook for fiscal year 2013 (ends in June) appears conservative, and as such, we see potential for the company to beat and raise its outlook," said analyst Raghavan Sarathy.

For an analyst ratings summary and ratings history on eGain Corporation click here. For more ratings news on eGain Corporation click here.

Shares of eGain Corporation closed at $8.53 yesterday.

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