UPDATE: Auriga Raises Price Target on athenahealth to $57

According to Auriga, athenahealth

price target is raised to $57. Auriga said that it is reiterating its HOLD rating on athenahealth (

) following an inline quarter in which revenue and doctor adds were largely consistent with our expectations. “We are raising our price target to $57 from $47 as we look out to FY13, but meanwhile find current levels too rich for our comfort.” athenahealth closed yesterday at $66.03.