Jefferies Analyst Reiterates Buy Rating on BroadSoft Inc (BSFT)
Jefferies analyst, George Notter, reiterates a Buy rating for BroadSoft Inc (NASDAW:BSFT) with a $52.00 price target following the company’s strong Q2 results.
According to Notter, “The positive overall view of the company’s long term business fundamentals hasn’t changed – the company presents investors with a terrific play on the long-term secular growth of Hosted UC & SIP Trunking among enterprises”.
The analyst believes that the company’s only potential weak point is BroadSoft’s License Billings.
The analyst is ranked #689 of 4,083 analysts on TipRanks. He maintains a success rate of 48% and realizes an average return of 8.0%.