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TEAM

Atlassian

$36.55

2.73 (8.07%)

, WDAY

Workday

$105.55

-1.47 (-1.37%)

07:23
09/15/17
09/15
07:23
09/15/17
07:23

Atlassian should be bought on any pullbacks, says Canaccord

Canaccord analyst Richard Davis said he believes Atlassian (TEAM) is one of three recently public firms that stands a good chance to scale to a multi-billion dollar revenue platform, alongside Workday (WDAY) and ServiceNow (NOW). He believes model shifts could cause a temporary "crisis of confidence," but he would view any Atlassian pullback as a buying opportunity. The analyst believes investors should at least own some Atlassian and be more aggressive on any pullbacks. Davis reiterated his Buy rating and $44 price target on Atlassian shares.

TEAM

Atlassian

$36.55

2.73 (8.07%)

WDAY

Workday

$105.55

-1.47 (-1.37%)

NOW

ServiceNow

$115.96

-0.09 (-0.08%)

  • 15

    Sep

  • 25

    Sep

  • 10

    Oct

TEAM Atlassian
$36.55

2.73 (8.07%)

09/14/17
BARD
09/14/17
NO CHANGE
Target $43
BARD
Outperform
Baird bullish on Atlassian following analyst day
Baird analyst Rob Oliver noted Atlassian hosted its inaugural analyst day and he came away bullish and recommending purchasing the stock at this level. He said the company has a unique aspect of linearity to its business as its revenue is virtually the same every day and grows over time without any lumpiness. Oliver reiterated his Outperform rating and $43 price target on Atlassian shares.
07/25/17
MSCO
07/25/17
UPGRADE
MSCO
Overweight
Atlassian upgraded to Overweight from Equal Weight at Morgan Stanley
07/25/17
07/25/17
UPGRADE
Target $45

Overweight
Atlassian upgraded to Overweight on expansion trends at Morgan Stanley
As previously reported, Morgan Stanley upgraded Atlassian to Overweight from Equal Weight and increased its price target to $45 from $35. Following the Q2 report, analyst Sanjit Singh has increased confidence in expansion trends of the user base and said there are clear signs of pricing power, supporting 30% topline growth and 40% free cash flow CAGR over the next 3 years.
07/25/17
07/25/17
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. Mondelez (MDLZ) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying favorable sugar and cocoa costs provide a boost to margins. 2. Big Lots (BIG) upgraded to Buy from Hold at Deutsche Bank analyst Paul Trussell saying the current valuation is "compelling" given the disconnect between the company's "impressive" operating profit growth and multiple. 3. Werner (WERN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ken Hoexter saying truckload utilization and rates are turning positive. 4. Atlassian (TEAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Sanjit Singh saying has increased confidence in expansion trends of the user base and said there are clear signs of pricing power, supporting 30% topline growth and 40% free cash flow CAGR over the next 3 years. 5. DSW (DSW) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the shares offer an "intriguing non-apparel value play." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WDAY Workday
$105.55

-1.47 (-1.37%)

08/31/17
FBCO
08/31/17
NO CHANGE
Target $100
FBCO
Neutral
Workday price target raised to $100 from $94 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raised his price target for Workday to $100 from $94 after the company reported "good" Q2 results with revenue, cash flows, and EPS above Street. The analyst reiterates a Neutral rating on the shares.
08/31/17
UBSW
08/31/17
NO CHANGE
Target $121
UBSW
Buy
Workday price target raised to $121 from $115 at UBS
UBS analyst Ian Strgar raised his price target on Workday to $121 from $115 following better than expected Q2 results. The analyst cited its broad based strength and raised guidance and believes its upcoming analyst day in October will serve as a catalyst. Strgar reiterated his Buy rating in Workday shares.
08/31/17
ADAM
08/31/17
NO CHANGE
Target $125
ADAM
Buy
Workday price target raised to $125 from $115 at Canaccord
Canaccord analyst Richard Davis raised his price target on Workday to $125 from $115 following solid Q2 results. The analyst said the report confirmed his checks the company was executing well and he believes there is upside to consensus revenue growth of 25% for 2018. He believes shares will move higher ahead of its October analyst day and into year-end and thus would be an aggressive buyer on any dips. Davis reiterated his Buy rating on Workday shares.
08/31/17
OPCO
08/31/17
NO CHANGE
Target $117
OPCO
Outperform
Workday price target raised to $117 from $110 at Oppenheimer
Oppenheimer analyst Brian Schwartz raised his price target for Workday to $117 from $110 saying its business momentum appears strong across the Q2 reported results. The analyst believes the company has attractive long-term prospects, and remains bullish on the fundamentals. He reiterates an Outperform rating on the shares.
NOW ServiceNow
$115.96

-0.09 (-0.08%)

09/06/17
MOFT
09/06/17
INITIATION
Target $150
MOFT
Buy
ServiceNow initiated with a Buy at MoffettNathanson
MoffettNathanson analyst Adam Holt initiated ServiceNow with a Buy and a $150 price target.
09/05/17
FBCO
09/05/17
INITIATION
Target $135
FBCO
Outperform
ServiceNow initiated with an Outperform at Credit Suisse
Credit Suisse analyst Brad Zelnick started ServiceNow with an Outperform rating and $135 price target saying the company is a "significant" play on digital disruption, and he believes in its enormous market potential and ability to capture it.
08/30/17
RBCM
08/30/17
NO CHANGE
RBCM
ServiceNow big deal momentum beating expectations, says RBC Capital
After meeting with ServiceNow's CFO, RBC Capital analyst Matthew Hedberg says that the company's "large deal momentum was better than expected." The analyst adds that sales cycles for Global 2000 customers can still last up to five years, but says he "was surprised to learn" that ServiceNow's billings deals are often completed two quarters or more in advance.
08/23/17
ADAM
08/23/17
NO CHANGE
Target $110
ADAM
Buy
Buy Salesforce shares if post-earnings weakness persists, says Canaccord
Canaccord analyst Richard Davis called Salesforce's (CRM) Q2 results exceptional and its Q3 deferred guidance conservative. He noted the shares traded lower after the report and said if they stay down, investors should buy the dip. He called Salesforce one of his favorite three large cap growth stocks this year, along with Adobe (ADBE) and ServiceNow (NOW), citing their current valuation and outlook. Davis reiterated his Buy rating and raised his price target to $110 from $100 on Salesforce shares.

TODAY'S FREE FLY STORIES

BDX

Becton Dickinson

$233.54

1.42 (0.61%)

, ATHN

athenahealth

$125.53

-0.65 (-0.52%)

10:24
01/19/18
01/19
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Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

BDX

Becton Dickinson

$233.54

1.42 (0.61%)

ATHN

athenahealth

$125.53

-0.65 (-0.52%)

CRBP

Corbus Pharmaceuticals

$7.95

-0.25 (-3.05%)

TTD

Trade Desk

$48.36

-1.12 (-2.26%)

IPCI

Intellipharmaceutics

$0.80

-0.02 (-2.44%)

03/08/13
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Credit Suisse
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Barclays

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  • 23

    Jan

  • 02

    Feb

  • 06

    Feb

Z

Zillow

$43.97

-0.57 (-1.28%)

, ZG

Zillow

$43.86

-0.49 (-1.10%)

10:24
01/19/18
01/19
10:24
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10:24
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

Z

Zillow

$43.97

-0.57 (-1.28%)

ZG

Zillow

$43.86

-0.49 (-1.10%)

BLMN

Bloomin' Brands

$21.96

0.02 (0.09%)

PH

Parker-Hannifin

$210.94

0.4 (0.19%)

MKC

McCormick

$100.10

-2.81 (-2.73%)

WNS

WNS Holdings

$44.30

-0.98 (-2.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

    Jan

  • 26

    Feb

NKE

Nike

$66.12

2.0086 (3.13%)

, ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

10:24
01/19/18
01/19
10:24
01/19/18
10:24
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

NKE

Nike

$66.12

2.0086 (3.13%)

ANF

Abercrombie & Fitch

$19.45

0.5 (2.64%)

CMG

Chipotle

$338.74

1.21 (0.36%)

FL

Foot Locker

$49.49

0.8999 (1.85%)

PM

Philip Morris

$107.12

2.05 (1.95%)

MO

Altria Group

$71.38

1.35 (1.93%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Jan

  • 25

    Jan

  • 01

    Feb

  • 06

    Feb

ADT

ADT Inc.

, APO

Apollo Global

$34.07

-1.005 (-2.87%)

10:22
01/19/18
01/19
10:22
01/19/18
10:22
Syndicate
Breaking Syndicate news story on ADT Inc., Apollo Global »

ADT Inc. opens at $12.65,…

ADT

ADT Inc.

APO

Apollo Global

$34.07

-1.005 (-2.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 01

    Feb

  • 19

    Jan

NSPR

InspireMD

$0.17

-0.0019 (-1.11%)

10:21
01/19/18
01/19
10:21
01/19/18
10:21
Hot Stocks
InspireMD reports independent publication highlighting advantages of CGuard EPS »

InspireMD announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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ODP

Office Depot

$3.51

0.01 (0.29%)

10:20
01/19/18
01/19
10:20
01/19/18
10:20
Options
Defensive option play in Office Depot »

Defensive option play in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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10:20
01/19/18
01/19
10:20
01/19/18
10:20
General news
Treasury Action: yields paused at highs after surging »

Treasury Action: yields…

10:18
01/19/18
01/19
10:18
01/19/18
10:18
Conference/Events
RBC Capital technology analysts hold an analyst/industry conference call »

Technology Analysts…

$NSD

NASDAQ Market Internals

10:17
01/19/18
01/19
10:17
01/19/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

10:16
01/19/18
01/19
10:16
01/19/18
10:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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10:15
01/19/18
01/19
10:15
01/19/18
10:15
General news
FX Action: The dollar »

FX Action: The dollar…

FAZ

Direxion Financial Bear 3x

$10.45

-0.1438 (-1.36%)

10:10
01/19/18
01/19
10:10
01/19/18
10:10
Options
Direxion Daily Financial Bear 3X Shares draws a notable option block »

Direxion Daily Financial…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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NINE

Nine Energy Services

10:09
01/19/18
01/19
10:09
01/19/18
10:09
Syndicate
Breaking Syndicate news story on Nine Energy Services »

Nine Energy Services IPO…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Jan

COLD

Americold Realty Trust

10:09
01/19/18
01/19
10:09
01/19/18
10:09
Syndicate
Breaking Syndicate news story on Americold Realty Trust »

Americold Realty Trust…

03/08/13
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03/08/13
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03/06/13
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  • 19

    Jan

QRVO

Qorvo

$68.76

-1.92 (-2.72%)

10:05
01/19/18
01/19
10:05
01/19/18
10:05
Technical Analysis
Technical Take: Qorvo drops, levels to watch »

The shares were last down…

03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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10:04
01/19/18
01/19
10:04
01/19/18
10:04
General news
Potential government shutdown not doing much to rattle market »

Stock futures were a bit…

ADT

ADT Inc.

, APO

Apollo Global

$34.37

-0.7 (-2.00%)

10:03
01/19/18
01/19
10:03
01/19/18
10:03
Syndicate
ADT Inc. IPO indicated to open at $12.75-$13.00 on 5M shares »

ADT Inc. priced 105M…

ADT

ADT Inc.

APO

Apollo Global

$34.37

-0.7 (-2.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 01

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  • 19

    Jan

TCON

TRACON Pharmaceuticals

$3.05

0.05 (1.67%)

10:02
01/19/18
01/19
10:02
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10:02
Hot Stocks
TRACON reports partial responses by Recist 1.1 in 25% of patients in study »

TRACON Pharmaceuticals…

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03/06/13
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10:01
01/19/18
01/19
10:01
01/19/18
10:01
General news
Consumer Sentiment Index data reported »

Consumer Sentiment Index…

AXP

American Express

$97.92

-1.945 (-1.95%)

10:00
01/19/18
01/19
10:00
01/19/18
10:00
Options
American Express call buyers on early weakness in shares »

American Express call…

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NWL

Newell Brands

10:00
01/19/18
01/19
10:00
01/19/18
10:00
Options
Notable put buying in Newell Brands »

Notable put buying in…

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10:00
01/19/18
01/19
10:00
01/19/18
10:00
General news
Treasury announced a $25 M 6-day cash management bill »

Treasury announced a $25…

XLE

Energy Select Sector SPDR

$76.13

-0.35 (-0.46%)

, XLP

Consumer Staples Sector SPDR

$57.74

0.35 (0.61%)

09:59
01/19/18
01/19
09:59
01/19/18
09:59
Technical Analysis
Technical Take: S&P 500 trades up, sector breadth mixed »

The S&P 500 (SPX) was…

XLE

Energy Select Sector SPDR

$76.13

-0.35 (-0.46%)

XLP

Consumer Staples Sector SPDR

$57.74

0.35 (0.61%)

XLF

Financial Select Sector

$29.46

0.13 (0.44%)

XLK

Technology Select Sector SPDR

$67.86

0.19 (0.28%)

XLI

Industrial Select Sector SPDR

$79.43

-0.03 (-0.04%)

SPY

SPDR S&P 500 ETF Trust

$279.90

0.76 (0.27%)

SPX

S&P 500

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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MON

Monsanto

$119.01

0.15 (0.13%)

09:57
01/19/18
01/19
09:57
01/19/18
09:57
Periodicals
Monsanto to pursue legal challenge if Arkansas votes to ban dicamba, CFTN says »

Monsanto is planning to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 31

    Jan

HLF

Herbalife

$71.92

0.3 (0.42%)

09:55
01/19/18
01/19
09:55
01/19/18
09:55
Options
Herbalife put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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