Needham & Company Maintains a 'Buy' on MICROS Systems (MCRS); Positive EPS Catalysts Remain In Place Entering Seasonally Stronger Quarters

Needham & Company maintains a 'Buy' on MICROS Systems (NASDAQ: MCRS) price target of $63.00.

Needham analyst says, "Risk-reward remains attractive for a high quality asset – While Micros has rallied close to its all-time high, we believe at 18x ex-cash our CY12 EPS estimate range the stock has further upside on the back of estimate upgrades and multiple expansion. Our target remains $63 based on 22.5x our CY12 EPS estimate range of $2.25-2.30 and adding back the $12 per share in cash we estimate on the books in 12 months."

For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.

Shares of MICROS Systems closed at $51.66 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 Digimarc (DMRC)
• Veritone (VERI) PT Lowered to $5 at Needham