Omnicell price target raised to $55 from $53 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Omnicell (OMCL) to $55 from $53 and keeps a Buy rating on the shares. Following the company’s beat and raise quarter, the firm believes there is still room for shares to run and wants investors to focus on how the company is positioning itself for the long term. Given the strong demand for demos, the company has increased their available units three times, which Craig-Hallum thinks will enable more customers to see/feel the benefits of Titan. Further, the firm believes continued innovation around OmniSphere and other services should drive enterprise-wide adoption of the company’s solutions in the coming periods.