Nomura remains a buyer of Concur Nomura said they remain a buyer of Concur following the Government Accountability Office's decision for the company to remain the sole source GSA provider of a $1.42B ETS2 contract. Share are Buy rated with a $80 price target.
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Concur valuation attractive, says Stifel After Bloomberg reported that Concur has hired an investment bank to assist with the possible sale of the company, Stifel says that Concur is trading at 7.2 times the fiirm's 2015 revenue estimate, while recent transactions in the SaaS space have been for 7x-9x out year recurring revenue. The firm thinks that the acquisition price paid for Concur could be at the upper end of this range. Stifel keeps a $120 price target and Buy rating on the shares.