Canaccord Genuity Raises Numbers on NetSuite (N); Maintains 'Neutral' on High Valuation
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Price: $90.34 --0%
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on NetSuite (NYSE: N) price target raised $4 to $42.00.
Analyst, Richard Davis, said, "NetSuite has executed nearly flawlessly since the economy bottomed in early 2010. The firm is gaining share against mid-market legacy architecture vendors at what looks to be an accelerating pace. That said, we are looking at a company set to grow revenues at a 24% pace in C2013 valued at 9x those revenues. We would rather wait for a break in the stock price due to a perceived misstep by the company. We suppose it is possible that NetSuite will never scuffle, the company will grow forever at a 20%+ pace and the stock price will never waver off of a ruler-straight 45-degree upward trajectory. If so, our Hold rating will remain the incorrect call...Our revised C2012 estimates are for 28% revenue growth and 16% FCF margins."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $50.47 yesterday.
Analyst, Richard Davis, said, "NetSuite has executed nearly flawlessly since the economy bottomed in early 2010. The firm is gaining share against mid-market legacy architecture vendors at what looks to be an accelerating pace. That said, we are looking at a company set to grow revenues at a 24% pace in C2013 valued at 9x those revenues. We would rather wait for a break in the stock price due to a perceived misstep by the company. We suppose it is possible that NetSuite will never scuffle, the company will grow forever at a 20%+ pace and the stock price will never waver off of a ruler-straight 45-degree upward trajectory. If so, our Hold rating will remain the incorrect call...Our revised C2012 estimates are for 28% revenue growth and 16% FCF margins."
For an analyst ratings summary and ratings history on NetSuite click here. For more ratings news on NetSuite click here.
Shares of NetSuite closed at $50.47 yesterday.
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