BTIG analyst Matthew VanVliet reiterated a Buy rating on Model N (NYSE:MODN) on Tuesday, setting a price target of $56, which is approximately 55.12% above the present share price of $36.1.
VanVliet expects Model N to post earnings per share (EPS) of -$0.15 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Model N, with an average price target of $50.
The analysts price targets range from a high of $56 to a low of $45.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $42.73 million and a net profit of -$1.32 million. The company's market cap is $1.27 billion.
According to TipRanks.com, BTIG analyst Matthew VanVliet is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 42.00% success rate.
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. The Revenue Management Enterprise suite serves as the system of record for and automates the execution of revenue management processes such as pricing, contracting and incentive & rebate management. The Revenue Management Intelligence suite provides analytical insights to define and optimize revenue management strategies. Each of these suites consists of a number of applications, which can be purchased together or as separate stand-alone applications. The company was founded by Yarden Malka, Zack Rinat and Ali Tore on December 14, 1999 and is headquartered in San Mateo, CA.