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Technology Stocks : Sagent Technology, Inc. (SGNT) -- Ignore unavailable to you. Want to Upgrade?

To: Boaz who wrote (137)	3/18/2000 10:06:00 PM
From: MGV	Respond to of 220

When all the smoke cleared this week, with SGNT's relative strength after such a powerful rise on heavy volume the week before, this one is looking as though it is good for higher prices. DLJ raised the price target this week from $38 to $60 (which is 18 times 2000 and 12 x 2001) while acknowledging there is upside to its model for revenues. The model calls for 17.4M this Q, less than 10% sequential from the most recent Q. If SGNT were to get a 15 multiple of revenue on 2001 of 140M, the target price would be roughly 83. In my opinion, both 15 times next year's revs. and $140M 2001 are feasible.