JMP Securities Maintains Outperform Rating for Model N: Here's What You Need To Know

JMP Securities has decided to maintain its Outperform rating of Model N MODN and lower its price target from $44.00 to $30.00.

Shares of Model N are trading up 0.0% over the last 24 hours, at $23.72 per share.

A move to $30.00 would account for a 26.48% increase from the current share price.

About Model N

Model N Inc is a provider of cloud revenue management solutions for life science and technology companies. The products of the company involve Revenue Cloud for Life Sciences for helps life science companies improve revenue and operational efficiency while adhering to government regulations as it creates and executes contracts with its customers; and Revenue Cloud for High Tech that enables customers to modernize their sales processes by adopting a strategic approach to manage the revenue lifecycle by planned revenue. It has one operating segment with one business activity - developing and monetizing revenue management solutions. A majority of the firm's revenue is generated in the United States, but it has a presence in countries across the world.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.