Westpark Capital analyst Ishfaque Faruk maintained a Buy rating on SilverSun Technologies Inc (NASDAQ: SSNT) today and set a price target of $7. The company’s shares opened today at $3.53.
Faruk noted:
“We expect profitability to normalize in F’19, thus we remain optimistic on SSNT. Our PT of $7 and Outperform rating remains unchanged.”
According to TipRanks.com, Faruk is ranked #4613 out of 4863 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SilverSun Technologies Inc with a $7 average price target.
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Based on SilverSun Technologies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.22K. In comparison, last year the company had a net profit of $120.5K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock.
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SilverSun Technologies, Inc. is an application, technology, and consulting company, which engages in provision strategies and solutions in information, technology, and business management needs. It offers solutions for accounting and business management, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, and business intelligence. The company was founded on October 3, 2002 and is headquartered in Livingston, NJ.
