Benchmark Company Reiterates Buy Rating, $14 PT on Saba Software on Expected Delisting

In a report published Friday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating and $14.00 price target on Saba Software SABA. In the report, Schappel noted, “Last night, SABA announced that it expects to be delisted from the NASDAQ since the company is unable to meet its filing requirements with the SEC due to the ongoing accounting review. Upon delisting, SABA expects that its stock will trade on the OTC Markets Pink Sheets electronic quote system. The company held a conference call this morning, though management didn't take any questions from investors and there was little new information on the call.” Saba Software closed on Thursday at $7.61.