UPDATE: Deutsche Bank Raises Target to $55 on Concur Technologies

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Deutsche Bank reiterates its Hold rating on Concur Technologies (NASDAQ: CNQR) and raises its price target by $10 to $55 on a healthy beat to estimates for the quarter. Deutsche Bank notes, "CNQR reported 1Q12 of $100.4m/$0.32 vs. our est/Street's $99m/$0.29. The beat was attributed to strong market demand and focus on 25% growth. The company guided up slightly on revenue and EPS to 25.5% and $1.27, up from 25%/ $1.25. While we acknowledge the strong performance this quarter of 24% organic growth, we believe a sustained 25% growth target may be challenged if the macro environment gets weaker.CNQR closed at $52.35 a share yesterday.

27% profits every 20 days?

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