Analyst Price Target Update on Netsuite Inc (NYSE:N)

Netsuite Inc (NYSE:N) should head towards $84.3 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $69 per share. The higher price estimate target is at $130 according to the Analysts.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Netsuite Inc (NYSE:N). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Goldman Sachs announces a current price target of $68 per share. The rating by the firm was issued on May 23, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Solomon Douglas P., officer (SVP, General Counsel & Sec) of Netsuite Inc, unloaded 1,000 shares at an average price of $85 on June 8, 2016. The total amount of the transaction was worth $85,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Netsuite Inc (NYSE:N) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.89 points or 1.12% at $78.83 with 999,033 shares getting traded. Post opening the session at $79.38, the shares hit an intraday low of $78.64 and an intraday high of $80.82 and the price was in this range throughout the day. The company has a market cap of $6,341 million and the number of outstanding shares have been calculated to be 80,439,651 shares. The 52-week high of Netsuite Inc (NYSE:N) is $102.46 and the 52-week low is $51.75.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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