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NOW

ServiceNow

$74.64

-0.98 (-1.30%)

, WDAY

Workday

$86.08

-0.93 (-1.07%)

07:45
10/18/16
10/18
07:45
10/18/16
07:45

Piper sees ServiceNow Q3 earnings report as catalyst

Piper Jaffray analyst Alex Zukin says his recent conversations with industry partners indicate "strong" renewal and net new business in ServiceNow's (NOW) Q3. He expects the company to outperform consensus expectations. Zukin sees the earnings report as a catalyst and points out that shares of ServiceNow are down 12% year-to-date while trading at a 14% discount to Workday (WDAY). The analyst reiterates an Overweight rating on ServiceNow with a $90 price target.

NOW

ServiceNow

$74.64

-0.98 (-1.30%)

WDAY

Workday

$86.08

-0.93 (-1.07%)

  • 19

    Oct

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    Oct

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    Nov

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    Nov

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    Nov

  • 12

    Dec

NOW ServiceNow
$74.64

-0.98 (-1.30%)

09/06/16
BOFA
09/06/16
NO CHANGE
Target $86
BOFA
Buy
ServiceNow named a top idea at BofA/Merrill
BofA/Merrill analyst Kash Rangan named ServiceNow a top idea saying public cloud adoption is poised to be a potential catalyst. Public clouds are beginning to leverage ServiceNow offerings, aiding enterprises the ability to control and manage workloads alongside their on premise IT assets, the analyst wrote. Rangan believes Microsoft Azure and AWS are working with ServiceNow on technical integration of ITSM and ITOM, potentially leading to a business partnership. Additionally, the analyst is encouraged by Q2 operating margin upside which is likely an indication for FY16 upside. Rangan rates ServiceNow a Buy with an $86 price target.
09/15/16
GUGG
09/15/16
INITIATION
Target $90
GUGG
Buy
ServiceNow initiated with a Buy at Guggenheim
Guggenheim analyst Ryan Hutchinson initiated ServiceNow with a Buy and a $90 price target.
09/19/16
BMOC
09/19/16
INITIATION
BMOC
Market Perform
ServiceNow initiated with a Market Perform at BMO Capital
10/12/16
OTRG
10/12/16
DOWNGRADE
OTRG
Mixed
ServiceNow downgraded to Mixed from Positive at OTR Global
WDAY Workday
$86.08

-0.93 (-1.07%)

09/28/16
WEDB
09/28/16
UPGRADE
Target $82
WEDB
Neutral
Workday upgraded to Neutral from Underperform at Wedbush
Wedbush analyst Steve Koenig upgraded Workday to Neutral and raised its price target to $82 from $69 based on 2H 2016 sales potential, following a 1H which he things wasn't as good as generally perceived. Checks with integrators at Workday Rising yesterday suggest that 2H activity could be picking up, mirroring management's confidence and relaxed tone at Workday's analyst meeting. Koeing no longer sees failure to meaningfully beat and raise guidance for subscription revenue as a sufficient downside catalyst for Workday shares, based on the positive market reaction to Workday's 1Q and 2Q results.
09/28/16
09/28/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Workday (WDAY) upgraded to Neutral from Underperform at Wedbush with analyst Steve Koenig citing second-half 2016 sales potential, following a first-half which he thinks wasn't as good as generally perceived. 2. Dillard's (DDS) upgraded to Outperform from Neutral at Credit Suisse with analyst Michael Exstein citing the company's consistency in capital allocation and its valuation, which he says is at the low end of its historic trading range. 3. Cypress Energy (CELP) upgraded to Buy from Hold at Stifel analyst Michael Hoffman saying the CEO is upbeat on the company's outlook and its ability to maintain its distribution at current levels. 4. Huntington Bancshares (HBAN) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. 5. Hi-Crush Partners (HCLP) upgraded to Neutral from Sell at UBS with analyst Shneur Gershuni saying recent commentary from oil field service companies indicate an increase in sand demand and intensity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
OPCO
09/30/16
NO CHANGE
Target $100
OPCO
Outperform
Workday price target raised to $100 from $90 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Workday to $100 saying his customer survey makes him "increasingly comfortable" with the company's current business momentum. The analyst is "optimistic "about bookings and growth trends and sees low risk to estimates. Schwartz continues to view Workday as top 2016 pick with an Outperform rating.
10/03/16
ADAM
10/03/16
NO CHANGE
Target $110
ADAM
Buy
Workday price target raised to $110 from $98 at Canaccord
Canaccord analyst Richard Davis raised his price target on Workday to $110 from $98 as the company has grown into its current valuation and the stock will continue to advance on a sustainable basis in a bullish environment. Davis reiterated his Buy rating on Workday shares.

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SPDR Oil Exploration and Production Fund

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0.68 (2.11%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$21.73

0.61 (2.89%)

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VelocityShares 3x Long Natural Gas ETN

$13.20

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AMD

AMD

$13.74

0.62 (4.73%)

, NVDA

Nvidia

$185.84

-1.51 (-0.81%)

06:34
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AMD

$13.74

0.62 (4.73%)

NVDA

Nvidia

$185.84

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TSLA

Tesla

$373.91

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EWZ

MSCI Brazil Index

$43.19

0.13 (0.30%)

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EFA

iShares MSCI EAFE Index Fund

$68.32

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JNK

SPDR Barclays High Yield Bond

$37.21

-0.01 (-0.03%)

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SJB

ProShares Short High Yield

$23.19

0.0092 (0.04%)

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AUO

AU Optronics

$4.19

-0.03 (-0.71%)

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.45

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$120.82

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TLT

iShares 20+ Year Treasury Bond Fund

$125.91

0.09 (0.07%)

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TSM

TSMC

$37.82

-0.48 (-1.25%)

, QCOM

Qualcomm

$51.98

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TSM

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Qualcomm

$51.98

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SMI

SMIC

$5.65

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P

Pandora

$8.23

-0.09 (-1.08%)

, AAPL

Apple

$156.07

-2.66 (-1.68%)

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Pandora

$8.23

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AAPL

Apple

$156.07

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GOOG

Alphabet

$931.58

9.77 (1.06%)

GOOGL

Alphabet Class A

$947.54

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SLV

iShares Silver Trust

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USLV

VelocityShares 3x Long Silver ETN

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IYR

DJ US Real Estate Index Fund

$80.81

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EFX

Equifax

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1.13 (1.19%)

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  • 22

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IBB

iShares Nasdaq Biotechnology Index

$332.75

2.79 (0.85%)

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