UPDATE: Wunderlich Raises Price Target on Concur Technologies to $68
According to Wunderlich Securities, Concur Technologies (NASDAQ: CNQR) price target is raised to $68.
Wunderlich said that Concur Technologies (CNQR) announced strong fiscal 1Q12 results last night, with record revenues and solid earnings upside. “We are increasing our price target to $68 to reflect its accelerating growth and strong outlook. We reiterate our Buy rating and would advocate a long-term, buy-and-hold strategy at current levels for this fast-growing SaaS sector leader.”
Concur Technologies closed yesterday at $54.04.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.