Barrington Research Starts NetSuite (N) at Market Perform; Look for Pull Back
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Price: $93.78 -0.75%
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade N Now!
Barrington Research initiates coverage on NetSuite (NYSE: N) with a Market Perform.
Barrington analyst says, "We are initiating coverage with a MP rating due to valuation. Although NetSuite is one of our favorite SaaS companies, we recommend buying on share pull backs."
"Well Positioned For ERP Replacement Cycle. As many businesses begin to address their aging ERP systems, we believe that NetSuite is likely to be on a short list of options. The company’s price is typically in line with or less than traditional vendors’ maintenance fees and implementation time is significantly less. Also, NetSuite’s functionality is increasingly on par with traditional vendors, particularly in its focus verticals."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $35.37 yesterday, with a 52 week range of $12.11-$38.02.
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Barrington analyst says, "We are initiating coverage with a MP rating due to valuation. Although NetSuite is one of our favorite SaaS companies, we recommend buying on share pull backs."
"Well Positioned For ERP Replacement Cycle. As many businesses begin to address their aging ERP systems, we believe that NetSuite is likely to be on a short list of options. The company’s price is typically in line with or less than traditional vendors’ maintenance fees and implementation time is significantly less. Also, NetSuite’s functionality is increasingly on par with traditional vendors, particularly in its focus verticals."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $35.37 yesterday, with a 52 week range of $12.11-$38.02.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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