NUAN - Nuance Communications called a core healthcare cloud play at Wedbush

Shares of Nuance Communications (NUAN) are 1.25% higher in the premarket session after Wedbush Securities says it expects major healthcare momentum for the company this year as deal flow accelerates. "We view NUAN as a core healthcare cloud play for the coming years given the next generation technology needs in healthcare (accelerated in this environment) in which Nuance plays into with its ACI and AI powered strategic initiatives," updates analyst Dan Ives. Wedbush keeps an Outperform rating on Nuance Communications and raises its price target to $65 from $45 to reflect increased confidence in the NUAN growth story. The average Wall Street price target on Nuance is $45.75.

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Nuance Communications called a core healthcare cloud play at Wedbush