Nuance Communications (NUAN) Receives ‘Analyst’ Rating

Nuance Communications (NUAN) : 4 brokerage houses believe that Nuance Communications (NUAN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Nuance Communications (NUAN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Nuance Communications (NUAN) stock is expected to deviate a maximum of $3.78 from the average target price of $22.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $17.


Also, UBS maintains its view on Nuance Communications (NASDAQ:NUAN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS lowers the price target from $18 per share to $17 per share on Nuance Communications . The rating by the firm was issued on August 9, 2016.

Nuance Communications (NASDAQ:NUAN): The stock opened in the green at $14.43 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.535 and a low of $14.26 for the day. The stock did not find buyers even at the lows and closed at $14.39 recording a loss of -0.48%. 3,411,116 shares exchanged hands during the trading day. The stock had closed at $14.46 in the previous days trading.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.

Leave a Reply

Get Pre-Market Alerts!

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