Canaccord Genuity Reiterates a 'Buy' on Bottomline Technologies (EPAY); Conservative Guidance Masks Business Momentum
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Price: $56.99 --0%
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Bottomline Technologies (NASDAQ: EPAY) price target raised from $30 to $32.
Analyst, Richard Davis, said, "Another beat and strong bookings quarter; but keeping with tradition, more conservative guidance. Bottomline doesn’t look cheap on current estimates, but the firm has so many potential growth accelerators in the hopper that it seems quite likely that the firm’s growth, when looked at retrospectively, will be materially higher than our modestly increased revenue forecasts. This is a quality firm with a lot of good things going its way. This is the kind of stock that is quite often an outstanding investment."
For an analyst ratings summary and ratings history on Bottomline Technologies click here. For more ratings news on Bottomline Technologies click here.
Shares of Bottomline Technologies closed at $27.34 yesterday.
Analyst, Richard Davis, said, "Another beat and strong bookings quarter; but keeping with tradition, more conservative guidance. Bottomline doesn’t look cheap on current estimates, but the firm has so many potential growth accelerators in the hopper that it seems quite likely that the firm’s growth, when looked at retrospectively, will be materially higher than our modestly increased revenue forecasts. This is a quality firm with a lot of good things going its way. This is the kind of stock that is quite often an outstanding investment."
For an analyst ratings summary and ratings history on Bottomline Technologies click here. For more ratings news on Bottomline Technologies click here.
Shares of Bottomline Technologies closed at $27.34 yesterday.
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