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BNFT

Benefitfocus

$49.88

-1.99 (-3.84%)

05:23
12/19/18
12/19
05:23
12/19/18
05:23

Benefitfocus laid out path to 20% long-term sales growth, says Piper Jaffray

Benefitfocus laid out a path to 20%-plus long-term revenue growth at its first ever investor day, Piper Jaffray analyst Sean Wieland tells investors in a research note. The analyst believes the new BenefitsPlace strategy is a critical component to long-term growth. Successful execution of the strategy coupled with margin expansion could drive upside to estimates, and potential margin expansion, Wieland contends. He has confidence that BenefitsPlace will succeed and reiterates an Overweight rating on Benefitfocus shares with a $61 price target.

BNFT Benefitfocus
$49.88

-1.99 (-3.84%)

12/18/18
JEFF
12/18/18
NO CHANGE
Target $48
JEFF
Buy
Benefitfocus analyst day presentation highlighted its value, says Jefferies
Jefferies analyst Samad Samana kept his Buy rating and $48 price target on Benefitfocus after its Analyst Day, saying the company's presentation has given him "continued appreciation" for the value of its "subscriber base, platform and competitive positioning". The analyst notes that the company has introduced a new financial metric in its discussion - Net Benefit Eligible Lives - which grew over 15% to 13.2M for its core enrollment platform. Samana also cites Benefitfocus management view of growing its average revenue per user and drive adoption of its BenefitsPlace platform.
12/11/18
PIPR
12/11/18
NO CHANGE
Target $61
PIPR
Overweight
Benefitfocus price target raised to $61 from $49 at Piper Jaffray
Piper Jaffray analyst Sean Wieland raised his price target for Benefitfocus to $61 and reiterates an Overweight rating on the shares after conducting his firm's third annual survey of 172 human resources executives to assess the market demand for benefits administration software and employee wellness solutions. The survey findings indicate that benefits administration spending is on the rise and that Benefitfocus' channel partner has strong mind share, Wieland tells investors in a research note. The survey also indicates that voluntary benefits expenditure is increasing, which the analyst says is positive for Benefitfocus as it ramps up its BenefitsPlace offering.
12/04/18
WEDB
12/04/18
NO CHANGE
Target $57
WEDB
Outperform
Benefitfocus price target raised to $57 from $44 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Benefitfocus to $57 from $44 as recent discussions with carriers and customers give him increased confidence the company can achieve and/or exceed its strong guidance given for FY19. While skeptics will remain on the name despite strong Q3 results and a robust pipeline into 2019 that speaks to the company's confidence in its mid to high teens top-line growth for next year, the analyst continues to believe a re-rating of the name is in process as more investors recognize the ongoing transformation. Ives reiterates an Outperform rating on the shares.
11/02/18
PIPR
11/02/18
NO CHANGE
Target $49
PIPR
Overweight
Benefitfocus price target raised to $49 from $40 at Piper Jaffray
Piper Jaffray analyst Sean Wieland raised his price target for Benefitfocus to $49 saying the company reported a beat on all metrics, and exceeded internal expectations for the fourth consecutive quarter. Further, the company provided preliminary 2019 revenue guidance well ahead of consensus expectations, Wieland tells investors in a post-earnings research note. He believes "there is further opportunity for acceleration in 2020 and beyond" and reiterates an Overweight rating on Benefitfocus.

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