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VeriFone Systems, Inc. Message Board

  • subseaworker subseaworker Dec 10, 2012 3:01 PM Flag

    Goldman Sachs analyst speaks - $43 target

    In the view of Goldman Sachs analyst Julio C. Quinteros Jr., fears of secular headwinds are overstated.
    "While we see some new entrants as potential long-term threats, we believe obsolescence concerns are overdone given the recent industry push to bring chip-based cards (i.e. EMV) into the US, and efforts to integrate mobile. Additionally, PAY has a full suite of products to compete with new entrants, which we believe enhances the company's overall competitive positioning." said Quintero. Verifone also has plenty of opportunity in emerging markets, thinks Goldman Sachs.
    Goldman Sachs has a Buy rating on Verifone with a price target of $43.

34.88-0.19(-0.54%)Aug 28 4:05 PMEDT

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