Concur price target raised to $110 from $95 at Deutsche Bank Deutsche Bank raised its price target for Concur Technologies to $110 saying it remains bullish on the stock after attending the GBTA corporate travel event. The firm reiterates a Buy rating on Concur ahead of the company's Q3 results tonight.
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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.