Fly News Breaks for March 2, 2020
Mar 2, 2020 | 08:33 EDT
RBC Capital analyst Sean Dodge raised the firm's price target on Vocera to $26 from $22 but keeps a Sector Perform rating on the shares. The analyst says his meeting with the management has increased his "comfort" with the company's 2020 guidance as it expects revenue growth to re-accelerate to mid-teen rate due to increasing salesforce productivity, improving international outlook, and rising opportunities outside of healthcare. Dodge notes that visibility further out remains "fuzzy", but he is more comfortable with Vocera's mid-single-digit growth target for this year.
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