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UPDATE: Loewen Ondaatje McCutcheon Initiates Datawatch Corporation at Buy

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Loewen Ondaatje McCutcheon initiated coverage on Datawatch Corporation (NASDAQ: DWCH) with a Buy rating and a $25 price target.

Loewen Ondaatje McCutcheon commented, "Gartner recently estimated unstructured data makes up 80% of the data inside of an enterprise and is growing at a rate of 80% per year. The ability to harness and use this data can help enterprises achieve a competitive advantage and succeed. … Greater than 90% of the Company's revenues are generated from existing customers who have long‐term relationships with the Company and who have made investments into utilizing Monarch software, thus providing solid near‐term revenue visibility. Further penetration into these accounts plus new customers could lead to significant revenue growth."

Datawatch Corporation closed at $16.01 on Tuesday.

Latest Ratings for DWCH

Nov 2014William BlairDowngradesOutperformMarket Perform
Nov 2014Imperial CapitalDowngradesOutperformIn-line
Nov 2014Drexel HamiltonInitiates Coverage onBuy

View More Analyst Ratings for DWCH
View the Latest Analyst Ratings

Posted-In: Loewen Ondaatje McCutcheonAnalyst Color Initiation Intraday Update Analyst Ratings


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