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UPDATE: J.P. Morgan Initiates Model N with Overweight on Improved Customer/Growth Margins

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In a report published Monday, J.P. Morgan analyst Sterling Auty initiated coverage on Model N (NYSE: MODN) with an Overweight rating and $25.00 price target.

In the report, Auty noted, “The company has developed a solution to help automate a critical segment of the sales process that sits between the Sales Force Automation (SFA)/CRM tools and accounting suites. These tasks have predominantly been done manually with Excel spreadsheets and in-house developed applications. Model N provides software both on-premise and through SaaS (Software-as-a-Service) to manage these revenue processes with deep expertise in two industries – Life Sciences and High Tech. We see this as a large opportunity that can provide sustainable 20%+ growth, making the stock attractive at these levels, in our opinion.”

Model N closed on Friday at $20.54.

Latest Ratings for MODN

DateFirmActionFromTo
Oct 2018OppenheimerInitiates Coverage OnOutperform
Jul 2018NeedhamInitiates Coverage OnBuy
Feb 2018JMP SecuritiesUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for MODN
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Initiation Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
COMMJP MorganInitiates Coverage On0.0
KEYWSunTrust Robinson HumphreyDowngrades0.0
ISRGCanaccord GenuityMaintains575.0
PBCTFig PartnersDowngrades0.0
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