I’ve bought a big chunk of Nuance so far…

I’ve bought a big chunk of Nuance so far and I don’t know whether I want it to start rallying just yet…I want to buy some more before it runs, if it runs. Here’s why Nuance is up 7% today:

March 30, 2011 7:20 AM EDT

FBR Capital reiterates an ‘Outperform/Top Pick’ Nuance Communications (NASDAQ: NUAN), PT $22.

FBR analyst says, “Based on our recent conversations with customers and partners it is clear to us that healthcare and mobile verticals remain greenfield market opportunities for Nuance over the coming years as we continue to pick up a surge of deal flow in both areas for FY11. In particular, deal activity during the March quarter appears to be healthy, as we believe Nuance is seeing good demand trends across the board on the heels of an improving spending environment and higher adoption levels for speech in the field, a positive dynamic that should continue to propel bookings growth during the back half of its fiscal year. Specifically, we believe a handful of large healthcare deployments and two recently inked mobile deals should put some nice fuel in Nuance’s growth engine over the coming quarters.”