Leerink Partners analyst Stephanie Davis maintained a Buy rating on Nuance Communications (NASDAQ:NUAN) on Tuesday, setting a price target of $55, which is approximately 8.89% above the present share price of $50.51.
Davis expects Nuance Communications to post earnings per share (EPS) of -$0.08 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Nuance Communications, with an average price target of $53.57.
The analysts price targets range from a high of $65 to a low of $34.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $352.93 million and a net profit of $14.96 million. The company's market cap is $14.39 billion.
According to TipRanks.com, Leerink Partners analyst Stephanie Davis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.2% and a 70.79% success rate.
Nuance Communications, Inc. is the pioneer in conversational AI innovations that bring intelligence to everyday work and life. It delivers solutions that understand, analyze and respond to people, amplifying human intelligence to increase productivity and security. The firm operates through the following segments: Healthcare, Enterprise, Automotive, and Other. The Healthcare segment improves clinical documentation, improve quality of care, minimize physician burnout, integrate quality measures and aid reimbursement. The Enterprise segment engages in multi-channel access to customer service from the businesses they interact with is driving demand for AI-powered omni-channel engagement solutions. The Automotive segment provides embedded and cloud-based automotive solutions. The other segment includes SRS and Devices businesses The company was founded in March 1992 and is headquartered in Burlington, MA.