Barrington Research Starts NetSuite (N) at Market Perform; Look for Pull Back
Get Alerts N Hot Sheet
Price: $90.34 --0%
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
7 Buy, 24 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Barrington Research initiates coverage on NetSuite (NYSE: N) with a Market Perform.
Barrington analyst says, "We are initiating coverage with a MP rating due to valuation. Although NetSuite is one of our favorite SaaS companies, we recommend buying on share pull backs."
"Well Positioned For ERP Replacement Cycle. As many businesses begin to address their aging ERP systems, we believe that NetSuite is likely to be on a short list of options. The company’s price is typically in line with or less than traditional vendors’ maintenance fees and implementation time is significantly less. Also, NetSuite’s functionality is increasingly on par with traditional vendors, particularly in its focus verticals."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $35.37 yesterday.
Barrington analyst says, "We are initiating coverage with a MP rating due to valuation. Although NetSuite is one of our favorite SaaS companies, we recommend buying on share pull backs."
"Well Positioned For ERP Replacement Cycle. As many businesses begin to address their aging ERP systems, we believe that NetSuite is likely to be on a short list of options. The company’s price is typically in line with or less than traditional vendors’ maintenance fees and implementation time is significantly less. Also, NetSuite’s functionality is increasingly on par with traditional vendors, particularly in its focus verticals."
For more ratings news on NetSuite click here and for the rating history of NetSuite click here.
Shares of NetSuite closed at $35.37 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Starts COSCO SHIPPING Energy Transportation (1138:HK) at Overweight
- Deutsche Bank Starts BioMerieux (BIM:FP) (BMXMF) at Buy
- Truist Securities Starts Insmed (INSM) at Buy
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!