Benchmark Co. began coverage on shares of E2open (NASDAQ: EOPN) in a report issued on Tuesday. The firm issued a buy rating and a $25.00 target price on the stock.

“We believe that the short-term volatility obscures the fact that EOPN has compelling long-term success factors: solid management; market leadership in a key new application area; a business model that lends itself to “network effects” and attendant natural monopolies; control of supply chain data, a key information asset in multi-enterprise manufacturing companies; multiple new product opportunities that can be phased in over several years; and underpenetrated current markets and greatly expandable addressable market through added vertical industries.,” the firm’s analyst commented.

Shares of E2open opened at 21.67 on Tuesday. E2open has a 52 week low of $11.75 and a 52 week high of $21.87. The stock’s 50-day moving average is currently $18.83. The company has a market cap of $543.1 million and a P/E ratio of 264.27.

Separately, analysts at Needham & Company raised their price target on shares of E2open from $18.00 to $20.00 in a research note to investors on Thursday, January 3rd. They now have a buy rating on the stock.

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