Benchmark Reiterates Buy and PT of $5 on inContact

Benchmark reiterated its Buy rating on inContact SAAS. At the same time, Benchmark left its price target unchanged at $5 after it attended the company's sales seminar. In a research report published today, Benchmark states, "Based on what we observed, we are reiterating our Buy rating and $5 price target, as the event validates our belief that SAAS's business is standing in front of several catalysts that are set to fire during the next 12 months. These catalysts include increasing enterprise acceptance of cloud-based call center software as well as new marketing initiatives and channel programs within the Company to drive brand awareness and sales." On Wednesday, inContact closed the day at $3.97.