Netsuite Inc (N) Receives Analyst Rating

Netsuite Inc (N) : 1 brokerage houses believe that Netsuite Inc (N) is a Strong Buy at current levels. 18 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Netsuite Inc (N). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Hold with a rating of 2.95.

Netsuite Inc (N) : 15 investment research analysts covering Netsuite Inc (N) have an average price target of $98.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $109 and the lowest target is $69 for the short term. Analysts expect the variance to be within $16.7 of the average price.


Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey downgrades its rating on Netsuite Inc (NYSE:N). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at SunTrust Robinson Humphrey raises the price target from $93 per share to $109 per share. The rating by the firm was issued on August 11, 2016.

Netsuite Inc (NYSE:N): The stock opened in the green at $109.88 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $109.88 and a low of $109.59 for the day. The stock did not find buyers even at the lows and closed at $109.6 recording a loss of -0.27%. 669,297 shares exchanged hands during the trading day. The stock had closed at $109.9 in the previous days trading.

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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