Jefferies Reiterates Buy on Medidata (MDS) as Deals Roll In
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Price: $92.22 --0%
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies reiterated a Buy on Medidata Solutions (NASDAQ: MDSO) and raised its price target to $48.50 (from $41.00). Medidata Solutions is global provider of hosted clinical development solutions designed to improve the efficiency of the clinical development process.
Commenting on the company's recent earning release, analyst David Windley said "Investors looked past the EPS miss and lower 2012/2013 EPS outlook, eventually focusing on the numerous enterprise wins and positive implications for revenue growth."
In the last few months, Medidata signed enterprise deals with Sanofi (NYSE: SAN), Otsuka, Baxter (NYSE: BAX) and others. These wins come on top of a $100 million deal announced in Q2.
"The pace has been impressive, and the 4Q pipeline appears to be full as well. However, closing these types of deals consistently each quarter is a tough standard,” said Windley.
For an analyst ratings summary and ratings history on Medidata Solutions click here. For more ratings news on Medidata Solutions click here.
Shares of Medidata Solutions closed at $42.02 yesterday.
Commenting on the company's recent earning release, analyst David Windley said "Investors looked past the EPS miss and lower 2012/2013 EPS outlook, eventually focusing on the numerous enterprise wins and positive implications for revenue growth."
In the last few months, Medidata signed enterprise deals with Sanofi (NYSE: SAN), Otsuka, Baxter (NYSE: BAX) and others. These wins come on top of a $100 million deal announced in Q2.
"The pace has been impressive, and the 4Q pipeline appears to be full as well. However, closing these types of deals consistently each quarter is a tough standard,” said Windley.
For an analyst ratings summary and ratings history on Medidata Solutions click here. For more ratings news on Medidata Solutions click here.
Shares of Medidata Solutions closed at $42.02 yesterday.
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