Wedbush Sticks to Their Buy Rating for Nuance Communications (NUAN)
Wedbush analyst Daniel Ives maintained a Buy rating on Nuance Communications (NUAN) today and set a price target of $22. The company’s shares closed yesterday at $15.19.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.0% and a 52.7% success rate. Ives covers the Technology sector, focusing on stocks such as Uber Technologies Inc, Tenable Holdings Inc, and Pivotal Software Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nuance Communications with a $22.50 average price target.
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The company has a one-year high of $18.16 and a one-year low of $12.67. Currently, Nuance Communications has an average volume of 1.81M.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock.
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Nuance Communications, Inc. engages in the provision of voice and language solutions for businesses and consumers. It operates through the following segments: Healthcare, Enterprise, Automotive, Imaging and Other.