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Fly News Breaks for March 21, 2017
SAP, MITK
Mar 21, 2017 | 07:58 EDT
Benchmark analyst Mark Schappel views Mitek's (MITK) announcement that it is enabling business-to-business mobile payments across SAP (SAP) Ariba's payments network favorably, stating that it has the potential to expand the company's addressable market and accelerate growth. However, he notes that he does not expect the Ariba Network partnership to generate material revenue until mid-FY18, at the earliest. Schappel, who continues to rate Mitek his top small-cap, keeps a Buy rating and $10 price target on the stock.
News For MITK;SAP From the Last 2 Days
MITK
Apr 24, 2024 | 13:44 EDT
Conference call to provide an overview of check fraud defender and demo with CEO Carnecchia and CFO Lyle to be held on May 1 at 1 pm hosted by Northland. Webcast Link
SAP
Apr 24, 2024 | 12:12 EDT
Berenberg raised the firm's price target on SAP to EUR 195 from EUR 190 and keeps a Buy rating on the shares.
SAP
Apr 24, 2024 | 11:59 EDT
SAP
Apr 24, 2024 | 08:10 EDT
HSBC raised the firm's price target on SAP to EUR 200 from EUR 180 and keeps a Buy rating on the shares. The company's Q1 report was "solid even if not spectacular" as it sees continued strong momentum, the analyst tells investors in a research note. The firm says SAP's long-term revenue growth prospects are supported by a shift to cloud combined with monetization of its artificial intelligence opportunity.
SAP
Apr 24, 2024 | 05:33 EDT
Barclays lowered the firm's price target on SAP to $210 from $212 and keeps an Overweight rating on the shares post the Q1 report. SAP is well positioned for artificial intelligence, but the near-term financial impact is likely to be limited, while any restructuring creep should drive further EBIT upside, files to sell common stock, no amount given
