Canaccord Genuity Reiterates a 'Buy' on SciQuest (SQI); Expect Acceleration in 2013
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Price: $17.75 --0%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 4 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 SciQuest (NASDAQ: SQI) price target of $20.00.
Analyst, Richard Davis, said, "SciQuest’s in-line results and guide came with conservative management commentary about the macro environment. Numbers didn’t change, and barring a hard rollover in the U.S. economy, not only should organic growth accelerate to the mid-20% range in 2013, but there is possibility of a few upside earnings reports along the way. We continue to believe SQI will breach the $20 threshold this year."
For an analyst ratings summary and ratings history on SciQuest click here. For more ratings news on SciQuest click here.
Shares of SciQuest closed at $17.02 yesterday.
Analyst, Richard Davis, said, "SciQuest’s in-line results and guide came with conservative management commentary about the macro environment. Numbers didn’t change, and barring a hard rollover in the U.S. economy, not only should organic growth accelerate to the mid-20% range in 2013, but there is possibility of a few upside earnings reports along the way. We continue to believe SQI will breach the $20 threshold this year."
For an analyst ratings summary and ratings history on SciQuest click here. For more ratings news on SciQuest click here.
Shares of SciQuest closed at $17.02 yesterday.
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