Needham & Company Starts Amber Road (AMBR) at Buy

Needham & Company initiates coverage on Amber Road (NYSE: AMBR) with a Buy rating and a price target of $18.00.

Analyst Michael Huang stated, "As the leading provider of cloud-based global trade management solutions, we see Amber Road as a clear SaaS secular growth story benefiting from an increasingly global trade landscape that is highly complex and costly to navigate. Given the number of secular tailwinds and favorable market trends (growth in trade volumes, increasing global nature of trade, significant growth in China and developing markets), we believe Amber Road is well positioned with a differentiated and difficult-to-replicate solution."

For an analyst ratings summary and ratings history on Amber Road click here. For more ratings news on Amber Road click here.

Shares of Amber Road closed at $15.17 yesterday.

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