The Benchmark Company Maintains Buy Rating and $6 PT on inContact
A report from The Benchmark Company reiterates its Buy rating and $6 price target on inContact (NASDAQ: SAAS).
The report states, “Last night's 3Q11 earnings report delivered modest upside to our software revenue estimate, and inContact showed solid business momentum. There was little concern on the quarter, and we continue to believe the stock is poised for a breakout year in 2012 given the Company's software revenue momentum plus the contracted Siemens revenue that's set to begin in 1Q12."
SAAS closed yesterday at $4.06.
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Tags: The Benchmark Company