Beacon Equity Research has raised NewMarket Technology’s target price to $0.88 and issued an “Outperform” rating. The analyst commented, “NewMarket Technology, Inc. provides software solutions to the Internet telephony industry. It is an emerging technology incubator for the next generation of tech companies, providing consulting and computer programming services mainly to the telecom industry.”
NewMarket Technology helps their customers stand out from the competition by offering the latest in technology innovation. The company offers traditional systems integration, software development and support services coupled with emerging technologies.
With an experienced management team and solid business plan, the company is expected to generate revenues in abundance of $120 million in 2007, and sustain the rapid growth into 2008 and beyond.
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