Roth Capital Assigns Buy On Attunity Ltd Shares, Sees 62% Upside For The Stock
Roth Capital analyst Richard Baldry assigned a Buy rating on Attunity Ltd (NASDAQ:ATTU) with a price target of $13.50, which represents a potential upside of 62% from where the stock is currently trading.
Baldry said, “ATTU’s 3Q14 revenues of $9.4M essentially beat our $9.1M forecast, with the upside driving an upside pro forma EPS of $0.07 versus our $0.03 forecast. Importantly, 3Q14 returned Attunity to profitability after two quarters of losses incurred as growth-oriented spending was proactively increased substantially.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Richard Baldry has a total average return of 8.4% and a 59.1% success rate. Baldry has a -0.9% average return when recommending ATTU, and is ranked #955 out of 3354 analysts.