Top-Rated NetSuite (N) has Numbers Lifted at Goldman Sachs

NetSuite (NYSE: N) is fractionally higher Wednesday after Goldman Sachs boosted its price target from $60 to $70 and reiterated its Conviction Buy List.

Research at Dreamforce and other industry checks point to accelerating billings growth with ramping quota carrying capacity and market awareness, the firm said.

"We now project billings in the back half of this year to be up 36% over last year," the analyst said.

Goldman raiesd FY2012/FY2013/FY2014 non-GAAP EPS estimates to $0.22/$0.49/$1.01 from $0.22/$0.47/$0.95.

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

Shares of NetSuite last traded at $60.99, up 0.1%.

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