UPDATE: Canaccord Genuity Initiates Coverage on Datawatch on Go-To Market Solution
In a report published Friday, Canaccord Genuity analyst Richard Davis initiated coverage on Datawatch Corporation (NASDAQ: DWCH) with a Buy rating and $30.00 price target.
In the report, Canaccord Genuity noted, “Datawatch looks to us to be at the foothills of several years of 20%+ revenue growth. Under a new management team, the firm has put more effort behind its core data discovery and analytics tools and with the recent acquisition of BI visualization vendor Panopticon, the firm has a complete go to market solution that sits at the crossroads of big data and business intelligence. We are initiating coverage of DWCH with a BUY rating and $30 price target.”
Datawatch Corporation closed on Thursday at $24.50.
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