As reported earlier, Needham analyst Mayank Tandon upgraded SS&C to Strong Buy from Buy and raised his price target to $70 from $68. The analyst cites the "compelling valuation" on the stock trading at 13.5-times his expected forward earnings. Tandon also sees SS&C generating a "sustained strong EPS growth fueled by solid trends in the core business and acquisition synergies". The analyst anticipates the company to benefit from a "healthy demand" for its mission critical solutions and the diversity of its revenue base across the global asset classes, along with its "predictable" revenue stream.