Oppenheimer Reiterates an 'Outperform' on Concur Technologies (CNQR); Healthy Business Momentum
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Price: $128.78 --0%
Rating Summary:
2 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer reiterates an 'Outperform' on Concur Technologies (NASDAQ: CNQR) price target of $73.00 (from $70.00).
Analyst, Brian Schwatz, said, "We reiterate our rating on Concur and raise our price target as we believe the company is well positioned to post a strong June quarter, and this healthy business momentum is likely to continue into its seasonally strong Q4. We surmise that Concur executed well in Q3 as our field checks, along with industry trends, lead us to believe the company should be able to report upside to current estimates, which could serve as a positive catalyst for the shares given an improved growth trajectory, high short interest (10%+), and what we view as a negative bias to investor sentiment currently in the market."
For an analyst ratings summary and ratings history on Concur Technologies click here. For more ratings news on Concur Technologies click here.
Shares of Concur Technologies closed at $69.06 yesterday.
Analyst, Brian Schwatz, said, "We reiterate our rating on Concur and raise our price target as we believe the company is well positioned to post a strong June quarter, and this healthy business momentum is likely to continue into its seasonally strong Q4. We surmise that Concur executed well in Q3 as our field checks, along with industry trends, lead us to believe the company should be able to report upside to current estimates, which could serve as a positive catalyst for the shares given an improved growth trajectory, high short interest (10%+), and what we view as a negative bias to investor sentiment currently in the market."
For an analyst ratings summary and ratings history on Concur Technologies click here. For more ratings news on Concur Technologies click here.
Shares of Concur Technologies closed at $69.06 yesterday.
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