Kaufman Bros. Reinstates Coverage on NetSuite (N) at Buy; Defensible Leadership Position in a Large, Under-Penetrated Market
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Price: $87.71 +2.06%
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
8 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade N Now!
Kaufman Bros. reinstates coverage on NetSuite (NYSE: N) with a Buy. PT $46.
Kaufman analyst says, "NetSuite focuses on the SMB ERP segment, which offers the company the largest addressable market opportunity ($10B+) versus SaaS peers in CRM and HCM. We believe the ERP mid-market has been historically underserved by traditional software vendors. Despite investor concerns about targeting the mid-market and longer sales cycles associated with ERP, high switching costs in ERP could provide better visibility versus CRM and HCM, in our view."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $40.38 yesterday, with a 52 week range of $13.00-$42.81.
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Kaufman analyst says, "NetSuite focuses on the SMB ERP segment, which offers the company the largest addressable market opportunity ($10B+) versus SaaS peers in CRM and HCM. We believe the ERP mid-market has been historically underserved by traditional software vendors. Despite investor concerns about targeting the mid-market and longer sales cycles associated with ERP, high switching costs in ERP could provide better visibility versus CRM and HCM, in our view."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $40.38 yesterday, with a 52 week range of $13.00-$42.81.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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