Vocera (VCRA) PT Lifted to $19 at Piper Jaffray

Piper Jaffray analyst Sean Wieland reiterated an Overweight rating and boosted his price target on Vocera Communications (NYSE: VCRA) to $19.00 (from $15.00) following another solid beat.

Wieland commented, "Vocera had a very solid quarterly beat (fifth in a row) and a revenue guide that overshot consensus. Vocera’s market has changed dramatically: hospitals are spending money on non-EHR projects, their love affair with the BYOD iphone has cooled, and they still need to improve communications. Vocera’s capabilities have changed dramatically: it is platform-agnostic, it is integrated into clinical workflow, and it is under new management. The company's 23% bookings growth is the second fastest in the Health IT space. We reiterate our Overweight rating and increase our VCRA price target to $19 from $15."

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

Shares of Vocera Communications closed at $13.20 yesterday.

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