Canaccord Genuity Reiterates a 'Buy' on Imris Inc. (IMRS); Q1 Bookings Help Validate Funnel
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Price: $0.02 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Imris Inc. (NASDAQ: IMRS) price target of $4.50.
Analyst, Jason R. Mills, said, "Q4 bookings ($8M) plus the bookings in the first two months of 2012 ($22M) provide much-needed credibility to IMRS’ assertion that its customer sales funnel is real and potentially robust. IMRS has already booked nearly one-third of our 2012E ($68M) in the first 60 days of the year. Another bookings bolus like this could move the stock to our $4.50 PT (nearly 2x recent trading levels). We continue to believe the VISIUS surgical arenas offer a significant value proposition to hospitals and believe penetration can increase 2-3x over the long term."
For an analyst ratings summary and ratings history on Imris Inc. click here. For more ratings news on Imris Inc. click here.
Shares of Imris Inc. closed at $2.70 yesterday.
Analyst, Jason R. Mills, said, "Q4 bookings ($8M) plus the bookings in the first two months of 2012 ($22M) provide much-needed credibility to IMRS’ assertion that its customer sales funnel is real and potentially robust. IMRS has already booked nearly one-third of our 2012E ($68M) in the first 60 days of the year. Another bookings bolus like this could move the stock to our $4.50 PT (nearly 2x recent trading levels). We continue to believe the VISIUS surgical arenas offer a significant value proposition to hospitals and believe penetration can increase 2-3x over the long term."
For an analyst ratings summary and ratings history on Imris Inc. click here. For more ratings news on Imris Inc. click here.
Shares of Imris Inc. closed at $2.70 yesterday.
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