Canaccord Genuity Reiterates a 'Buy' on Nuance Communications (NUAN); Mgmt Meeting Reaffirms Confidence in Market Position
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Price: $55.99 --0%
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Nuance Communications (NASDAQ: NUAN) price target of $30.00.
Analyst, Richard Davis, said, "While traders were busy exchanging nearly 30 million NUAN shares on Friday, we took the afternoon to meet with senior managers and demo some of the firm’s latest technology at Nuance’s Burlington, MA office. We came away confident that trends in several industries are converging towards NUAN’s natural language recognition and intelligent reasoning technology. Acknowledging that growth is seldom perfectly linear, we think that NUAN’s low-end-of-the-range results and subsequent 13% sell-off present a compelling buying opportunity."
For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.
Shares of Nuance Communications closed at $26.50 yesterday.
Analyst, Richard Davis, said, "While traders were busy exchanging nearly 30 million NUAN shares on Friday, we took the afternoon to meet with senior managers and demo some of the firm’s latest technology at Nuance’s Burlington, MA office. We came away confident that trends in several industries are converging towards NUAN’s natural language recognition and intelligent reasoning technology. Acknowledging that growth is seldom perfectly linear, we think that NUAN’s low-end-of-the-range results and subsequent 13% sell-off present a compelling buying opportunity."
For an analyst ratings summary and ratings history on Nuance Communications click here. For more ratings news on Nuance Communications click here.
Shares of Nuance Communications closed at $26.50 yesterday.
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