UPDATE: Canaccord Genuity Starts E2open (EOPN) at Buy; Early Days of an Open Ended Opportunity

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August 20, 2012 6:55 AM EDT
Get Alerts EOPN Hot Sheet
Price: $8.59 --0%

Rating Summary:
    5 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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(Updated - August 20, 2012 8:16 AM EDT)

Canaccord Genuity initiates coverage on E2open (NASDAQ: EOPN) with a Buy. PT $15.00.

Analyst, Richard Davis, said, "We believe E2open is in the early stages of building out a substantial presence in supply chain visibility. If so, the company should be able to deliver 20-25% revenue growth and FCF margins that scale to 25%+ within 5-7 years. If we are correct, it’s likely that the stock advances at least as fast as revenue growth, which would be quite rewarding."

For an analyst ratings summary and ratings history on E2open click here. For more ratings news on E2open click here.

Shares of E2open closed at $11.90 yesterday.

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