A Closer Look at 7 Analyst Recommendations For Model N
Portfolio Pulse from Benzinga Insights
In the last three months, 7 analysts have updated their ratings on Model N (NYSE:MODN), with a mix of bullish to indifferent views. The average 12-month price target has been adjusted to $32.14, marking a 16.67% decrease from the previous $38.57. Analysts from firms including JP Morgan, JMP Securities, and Morgan Stanley have lowered their price targets, reflecting a cautious outlook on the company's performance despite its solid revenue growth and strong profitability indicators such as net margin, ROE, and ROA. However, the company's high debt-to-equity ratio poses financial challenges.
February 07, 2024 | 12:00 pm
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NEGATIVE IMPACT
Model N has seen a mixed bag of analyst ratings with a downward adjustment in the average price target to $32.14, reflecting a cautious market outlook despite its positive revenue growth and profitability metrics.
The reduction in the average price target by analysts, despite Model N's solid revenue growth and profitability, indicates a cautious outlook likely due to the company's high debt-to-equity ratio. This could lead to a negative short-term impact on the stock price as investors reassess the risk profile of the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100