Needham & Company Reinstates Coverage on Bottomline Technologies (EPAY) at Buy; Driving Predictable Revenue Growth With Sustainable Margin Expansion

Needham & Company reinstates coverage on Bottomline Technologies (NASDAQ: EPAY) with a Buy. PT $25.00.

Needham analyst says, "We believe EPAY is positioned at the heart of the shift to electronic processes from paperbased processes for business payments and invoicing. With the potential for the launch of its new cash management product release to accelerate the customer upgrade cycle, opportunity to gain market share with the acquisition of its main competitor in the legal spend management segment, and growing interest for its business-to-business electronic exchange network, we see multiple legs to the growth story. We believe EPAY offers SMID investors a combination of both offense and defense with predictable revenue growth and sustainable operating margin expansion potential."

For more ratings news on Bottomline Technologies click here and for the rating history of Bottomline Technologies click here.

Shares of Bottomline Technologies closed at $20.99 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
• Globant S.A. (GLOB) PT Lowered to $45 at Needham
• Nu Holdings (Nubank) (NU) PT Raised to $19 at Needham