UPDATE: Needham & Company Starts eGain Corporation (EGAN) at Buy

(Updated - July 9, 2013 7:46 AM EDT)

Needham & Company initiates coverage on eGain Corporation (NASDAQ: EGAN) with a Buy. PT $12.00.

Analyst Michael Huang comments, "We're initiating coverage on eGain with a Buy rating and a $12 price target. We see eGain as an under-the-radar, under-scaled, secular growth story with accelerating trends. At its core, eGain enables high volume B2C organizations to deliver higher quality, more proactive, more automated, more consistent, and more relevant customer experiences across a proliferation of online touch points."

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 $9.85 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Reiterates Buy Rating on Amazon.com (AMZN), Raises Estimates
• Needham Reiterates Buy Rating on Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
• Loop Capital Starts DoorDash Inc. (DASH) at Buy, 'Category Killer with Stellar Execution'