Needham Lifts Napco Security Price Target to $49 After Robust Q2 Results
Needham Capital raised its price objective for Napco Security Technologies (NASDAQ:NSSC) to $49 from $47 and kept a Buy rating after the company's fiscal second quarter beat revenue and earnings forecasts. Revenue grew 12.2% year-over-year and diluted EPS for the trailing twelve months stands at $1.23. Both hardware lines and recurring services con…