Ultimate Software Group (ULTI) Tops Q3 EPS by 1c, Revenues Slightly Beat; Offers Q4 Revenue Outlook Below Consensus

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Go back to Ultimate Software Group (ULTI) Tops Q3 EPS by 1c, Revenues Slightly Beat; Offers Q4 Revenue Outlook Below Consensus

Ultimate Software (ULTI) PT Raised to $340 at RBC Capital

October 31, 2018 7:57 AM EDT

RBC Capital analyst Ross MacMillan raised the price target on Ultimate Software (NASDAQ: ULTI) to $340.00 (from $330.00) while maintaining a Outperform rating.

The analyst commented, "Recurring revenue estimates move higher and the $2B revenue target was shifted from CY22 to CY21. Despite OM's... More