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Deutsche Bank Reiterates Buy Rating, $30 PT on Nuance Communications on Lowered Guidance

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In a report published Friday, Deutsche Bank reiterated its Buy rating and $30.00 price target on Nuance Communications (NASDAQ: NUAN).

Deutsche Bank noted, “NUAN reported an in-line quarter at $492.4m/$0.35 vs. our $492m/$0.35 and consensus of $492.4m/$0.36. With strong on-demand bookings that typically delay revenue, the company lowered its guidance for the full-year slightly, from a midpoint of $2,196m/$1.89 to $2,171m/$1.81. The company reiterated its goal of reaching $1bn in Healthcare segment revenue and continued investments in sales capacity for FY13. We reiterate our Buy rating and $30 PT as a greater portion of on-demand revenue should lead to a stickier and more profitable business longer-term.”

Nuance Communications closed on Thursday at $24.55.

Latest Ratings for NUAN

Aug 2017BarclaysMaintainsOverweight
Aug 2017Raymond JamesMaintainsStrong Buy
Aug 2017Deutsche BankMaintainsBuy

View More Analyst Ratings for NUAN
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Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings


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