Needham analyst Mayank Tandon maintained a Buy rating on Sapiens International (NASDAQ:SPNS) on Wednesday, setting a price target of $38, which is approximately 12.93% above the present share price of $33.65.
Tandon expects Sapiens International to post earnings per share (EPS) of $0.19 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Sapiens International, with an average price target of $31.63.
The analysts price targets range from a high of $39 to a low of $10.75.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $97.65 million and a net profit of $12.1 million. The company's market cap is $1.69 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.2% and a 70.77% success rate.
Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1986 and is headquartered in Holon, Israel.