William Blair Reiterates Bullish Stance On Datawatch
In a research report issued today, William Blair analyst Bhavan Suri reiterated an Outperform rating on Datawatch (NASDAQ:DWCH). No price target was provided.
Suri noted, “We believe Datawatch is well- positioned to benefit from what we expect to be rapid growth of the industrial Internet of Things market over the next few years, as the key value proposition offered by these technologies is the ability to leverage real-time operational data, and Datawatch is the only vendor of which we are aware that is able to visualize data in real-time motion. While we wait to revise our estimates, we believe the demand backdrop is setting up nicely for Datawatch to monetize its unique technology and drive accelerated top-line growth over the next two to three years.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Bhavan Suri has a total average return of 8.6% and a 58.3% success rate. Suri is ranked #975 out of 3274 analysts.