Morgan Stanley Sees NetSuite as Good But Too Expensive

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In a report published Tuesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $67.00 price target on NetSuite (NYSE: N).In the report, Morgan Stanley noted, “N posted another strong Q as billings, revenue, cash flow, and EPS all beat while CY14 guidance moves higher. Execution remains solid and SuiteWorld should be an added positive, but N remains one of the most expensive SaaS names relative to growth, and we continue to prefer names like NOW that have also pulled back from highs.”NetSuite closed on Monday at $73.59.

27% profits every 20 days?

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