Analyst Rating Update on Netsuite Inc (N)

Netsuite Inc (NYSE:N) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Netsuite Inc (NYSE:N) : 11 investment research analysts covering Netsuite Inc (NYSE:N) have an average price target of $84.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $130 and the lowest target is $69 for the short term. Analysts expect the variance to be within $18.43 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, BMO Capital initiates coverage on Netsuite Inc (NYSE:N). BMO Capital has a Market Perform rating on the shares. As per the latest report, the brokerage house announces the price target to $90 per share. The rating by the firm was issued on June 14, 2016.

Netsuite Inc (NYSE:N): stock turned positive on Tuesday. Though the stock opened at $68.69, the bulls momentum made the stock top out at $69.56 level for the day. The stock recorded a low of $67.48 and closed the trading day at $69.01, in the green by 2.45%. The total traded volume for the day was 976,183. The stock had closed at $67.36 in the previous days trading.

In an insider trading activity, Goldberg Evan, director officer (CTO & Chairman of the Board) of Netsuite Inc, unloaded 20,000 shares at an average price of $78.9 on June 15, 2016. The total amount of the transaction was worth $1,578,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.