Model N (MODN) Initiated with a Buy at National Securities Corp

By Carrie Williams

Model N (MODNResearch Report) received a Buy rating and a $23 price target from National Securities Corp analyst Ilya Grozovsky today. The company’s shares closed on Friday at $17.15.

According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 6.9% and a 55.5% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and RumbleON Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Model N with a $23 average price target, implying a 34.1% upside from current levels. In a report issued on February 6, Oppenheimer also assigned a Buy rating to the stock with a $23 price target.

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The company has a one-year high of $20.33 and a one-year low of $12.60. Currently, Model N has an average volume of 220.7K.

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Model N, Inc. engages in the provision of revenue management cloud solutions for the life science and technology industries. It solutions include two complementary suites of software applications: Revenue Management Enterprise and Revenue Management Intelligence.