Needham & Company Starts MICROS Systems (MCRS) at Buy; Powering The Global Hospitality Industry
Tweet
Share
E-mailGet Alerts MCRS Hot Sheet
Price: $67.99 --0%
Rating Summary:
0 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company initiates coverage on MICROS Systems (NASDAQ: MCRS) with a Buy. PT $63.00.
Needham analyst says, "Micros is the leading provider of software and hardware solutions to the global hospitality industry, with a dominant presence in hotels and restaurants, and emerging presence in specialty retail. We believe low double-digit revenue growth, 100 bps plus of margin expansion, and the impact from share repurchases and/or accretive acquisitions can lead to 20% EPS growth over the next 2-3 years. While the stock has had a strong run, up 37% over the past 12 months, we see the potential for continued market outperformance on the back of estimate upgrades and multiple expansion."
For more ratings news on MICROS Systems click here and for the rating history of MICROS Systems click here.
Shares of MICROS Systems closed at $48.97 yesterday.
Needham analyst says, "Micros is the leading provider of software and hardware solutions to the global hospitality industry, with a dominant presence in hotels and restaurants, and emerging presence in specialty retail. We believe low double-digit revenue growth, 100 bps plus of margin expansion, and the impact from share repurchases and/or accretive acquisitions can lead to 20% EPS growth over the next 2-3 years. While the stock has had a strong run, up 37% over the past 12 months, we see the potential for continued market outperformance on the back of estimate upgrades and multiple expansion."
For more ratings news on MICROS Systems click here and for the rating history of MICROS Systems click here.
Shares of MICROS Systems closed at $48.97 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Needham Reiterates Buy Rating on WhiteFiber Inc (WYFI)
- Wolverine World Wide (WWW) PT Raised to $24 at Needham
Create E-mail Alert Related Categories
New CoverageRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
