Citi Reiterates a 'Buy' on Medidata Solutions (MDSO); Building Momentum

August 13, 2010 9:46 AM EDT

Citi reiterates a 'Buy' on Medidata Solutions, Inc. (MDSO), raises PT by $1 to $22.

Citi analyst says, "Mgmt cautiously guided LT non-GAAP oper. margins higher, stating may exceed 30% vs. prior guidance of 25%-30%. (Revised 3Q10 and FY10 guidance inside). We model 26.0% for 2011, gradually increasing to 30.9% in 2013."

To see all the upgrades/downgrades on shares of MDSO, visit our Analyst Ratings page.

Medidata Solutions, Inc. (Medidata) is a provider of hosted clinical development solutions.

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