Deutsche Bank Starts ServiceSource International (SREV) at Buy; At the Vanguard of a New Internet-Enabled Integrated Model
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Price: $1.50 --0%
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on ServiceSource International (NASDAQ: SREV) with a Buy. PT $20.
Deutsche analyst says, "ServiceSource is the clear market leader in a rapidly growing but nascent market for maintenance and support renewals, estimated at over $150bn annually and less than 5% penetrated. Over the past decade, SREV has gained significant scale and geographic scope, supported by a unique business model that combines technology with specialized services. We believe this provides a compelling platform for sales and margin growth, while also maintaining strong barriers to entry."
For more ratings news on ServiceSource International click here and for the rating history of ServiceSource International click here.
Shares of ServiceSource International closed at $12.90 yesterday.
Deutsche analyst says, "ServiceSource is the clear market leader in a rapidly growing but nascent market for maintenance and support renewals, estimated at over $150bn annually and less than 5% penetrated. Over the past decade, SREV has gained significant scale and geographic scope, supported by a unique business model that combines technology with specialized services. We believe this provides a compelling platform for sales and margin growth, while also maintaining strong barriers to entry."
For more ratings news on ServiceSource International click here and for the rating history of ServiceSource International click here.
Shares of ServiceSource International closed at $12.90 yesterday.
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