Goldman Sachs Resumes Nuance Communications (NUAN) at Neutral
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Price: $18.62 --0%
Rating Summary:
6 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade NUAN Now!
Goldman Sachs resumes coverage on Nuance Communications (NASDAQ: NUAN) with a Neutral rating and $25 price target.
The firm expects just in-line stock price performance as growth and/or margins are unlikely to from broader voice adoption.
"While we believe voice is approaching a tipping point (given better bandwidth, processing, and data analytics) and see Nuance benefiting from having the largest set of voice and natural language solutions, we don't believe the company's IP represents an insurmountable competitive advantage," the firm said.
Goldman said they could become more positive on the stock in they thought mid-teens growth was sustainable.
For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.
Shares of Nuance Communications closed at $20.66 yesterday, with a 52 week range of $15.56-$31.15.
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The firm expects just in-line stock price performance as growth and/or margins are unlikely to from broader voice adoption.
"While we believe voice is approaching a tipping point (given better bandwidth, processing, and data analytics) and see Nuance benefiting from having the largest set of voice and natural language solutions, we don't believe the company's IP represents an insurmountable competitive advantage," the firm said.
Goldman said they could become more positive on the stock in they thought mid-teens growth was sustainable.
For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.
Shares of Nuance Communications closed at $20.66 yesterday, with a 52 week range of $15.56-$31.15.
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