Market Overview

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

Related NUAN
Najarian Brothers See Unusual Options Activity In Nuance Communications And Nabors Industries
Watch These 8 Huge Put Purchases In Wednesday Trade

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

Jan 2017BarclaysUpgradesEqual-WeightOverweight
Nov 2016Raymond JamesUpgradesOutperformStrong Buy
Aug 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for NUAN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings


Related Articles (NUAN)

View Comments and Join the Discussion!