inContact (SAAS) PT Lifted to $13 at Jefferies

Jefferies analyst John DiFucci reiterated a Buy rating and raised his price target on inContact (NASDAQ: SAAS) to $13.00 (from $12.00).

DiFucci commented, "Top and bottom line results exceeded consensus, with AMRR up 30% yoy and Software rev. up 28%. 2016 guidance implies respectable growth, as SAAS approaches non-GAAP profitability. Two small acquisitions in WFO and text analytics are further strengthening SAAS's competitive position, and strong traction up-market is indicative of enterprise cloud adoption and of SAAS's value proposition of offering a highly scalable, multi-tenant solution."

The firm raised FY EPS from ($0.07) to ($0.01).

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

Shares of inContact closed at $9.68 yesterday.

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