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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

  • 17

    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

$NYE

NYSE Market Internals

13:16
09/19/17
09/19
13:16
09/19/17
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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HCA

HCA Holdings

$76.15

-1.53 (-1.97%)

13:15
09/19/17
09/19
13:15
09/19/17
13:15
Options
HCA Holdings put volume heavy and directionally bearish »

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13:15
09/19/17
09/19
13:15
09/19/17
13:15
General news
Fed Policy Outlook: FOMC began its 2-day meeting »

Fed Policy Outlook: FOMC…

ICPT

Intercept

$95.75

0.87 (0.92%)

13:11
09/19/17
09/19
13:11
09/19/17
13:11
Conference/Events
Intercept management to meet with Jefferies »

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  • 19

    Sep

WHR

Whirlpool

$170.86

0.02 (0.01%)

13:10
09/19/17
09/19
13:10
09/19/17
13:10
Hot Stocks
Whirlpool ticks lower after August appliance data »

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TIF

Tiffany

$90.95

1.98 (2.23%)

13:05
09/19/17
09/19
13:05
09/19/17
13:05
Options
Tiffany call volume above normal and directionally bullish »

Bullish option flow…

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13:00
09/19/17
09/19
13:00
09/19/17
13:00
General news
FOMC forecast revisions »

FOMC forecast revisions…

PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

12:58
09/19/17
09/19
12:58
09/19/17
12:58
Recommendations
Portola Pharmaceuticals analyst commentary  »

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  • 02

    Feb

KR

Kroger

$21.29

-0.1501 (-0.70%)

12:55
09/19/17
09/19
12:55
09/19/17
12:55
Options
Kroger put volume heavy and directionally bearish »

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  • 11

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  • 30

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PTLA

Portola Pharmaceuticals

$56.57

1.62 (2.95%)

12:51
09/19/17
09/19
12:51
09/19/17
12:51
Recommendations
Portola Pharmaceuticals analyst commentary  »

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  • 02

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FCAU

Fiat Chrysler

$17.10

0.275 (1.64%)

12:49
09/19/17
09/19
12:49
09/19/17
12:49
Hot Stocks
FCA US recalling 443,712 U.S.-market heavy-duty pickups, medium-duty trucks »

FCA US LLC is voluntarily…

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MSFT

Microsoft

$75.16

-0.15 (-0.20%)

12:48
09/19/17
09/19
12:48
09/19/17
12:48
Hot Stocks
Microsoft Azure IP Advantage available in China on October 1 »

Microsoft said on its…

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  • 22

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  • 22

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AA

Alcoa

$45.77

0.86 (1.91%)

12:45
09/19/17
09/19
12:45
09/19/17
12:45
Options
Alcoa call volume above normal and directionally bullish »

Bullish option flow…

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NDLS

Noodles & Company

$4.15

-0.25 (-5.68%)

12:37
09/19/17
09/19
12:37
09/19/17
12:37
Conference/Events
Noodles & Company management to meet with SunTrust »

Meeting to be held in…

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  • 19

    Sep

ENDP

Endo

$8.34

-0.26 (-3.02%)

, JNJ

Johnson & Johnson

$135.14

-0.24 (-0.18%)

12:37
09/19/17
09/19
12:37
09/19/17
12:37
Hot Stocks
Schneiderman, coalition of AGs expand multistate probe into opioid crisis »

New York Attorney General…

ENDP

Endo

$8.34

-0.26 (-3.02%)

JNJ

Johnson & Johnson

$135.14

-0.24 (-0.18%)

TEVA

Teva

$17.14

0.15 (0.88%)

AGN

Allergan

$218.48

-3.06 (-1.38%)

ABC

AmerisourceBergen

$80.24

-0.43 (-0.53%)

CAH

Cardinal Health

$66.37

-0.7 (-1.04%)

MCK

McKesson

$150.02

1.6 (1.08%)

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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  • 21

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    Oct

LXRX

Lexicon

$12.81

0.44 (3.56%)

, IPSEY

Ipsen

$33.04

-0.36 (-1.08%)

12:37
09/19/17
09/19
12:37
09/19/17
12:37
Hot Stocks
Lexicon announces European Commission approves Xermelo »

Lexicon Pharmaceuticals…

LXRX

Lexicon

$12.81

0.44 (3.56%)

IPSEY

Ipsen

$33.04

-0.36 (-1.08%)

03/08/13
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  • 25

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12:35
09/19/17
09/19
12:35
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12:35
General news
Today's U.S. reports »

Today's U.S. reports…

LEG

Leggett & Platt

$45.25

-0.635 (-1.38%)

12:34
09/19/17
09/19
12:34
09/19/17
12:34
Conference/Events
Leggett & Platt management to meet with SunTrust »

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  • 19

    Sep

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

, VIA

Viacom

$37.45

-0.4 (-1.06%)

12:32
09/19/17
09/19
12:32
09/19/17
12:32
Periodicals
Viacom leak may have compromised digital properties, Gizmodo reports »

A security researcher…

AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

VIA

Viacom

$37.45

-0.4 (-1.06%)

VIAB

Viacom

$27.32

-0.35 (-1.26%)

03/08/13
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  • 22

    Oct

ACTG

Acacia Research

12:32
09/19/17
09/19
12:32
09/19/17
12:32
Hot Stocks
Acacia Research shares trade higher amid insider buying »

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GDOT

Green Dot

$48.82

0.79 (1.64%)

12:30
09/19/17
09/19
12:30
09/19/17
12:30
Conference/Events
Green Dot management to meet with SunTrust »

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  • 19

    Sep

ADBE

Adobe

$155.77

1.28 (0.83%)

12:30
09/19/17
09/19
12:30
09/19/17
12:30
Options
Adobe attracts a pre-earnings call writer »

Adobe attracts a…

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  • 19

    Sep

  • 22

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ENDP

Endo

$8.34

-0.26 (-3.02%)

, JNJ

Johnson & Johnson

$134.95

-0.43 (-0.32%)

12:28
09/19/17
09/19
12:28
09/19/17
12:28
Hot Stocks
Michigan AG says 41 state attorneys general now involved in opioid probe »

Michigan Attorney General…

ENDP

Endo

$8.34

-0.26 (-3.02%)

JNJ

Johnson & Johnson

$134.95

-0.43 (-0.32%)

TEVA

Teva

$17.14

0.15 (0.88%)

AGN

Allergan

$218.49

-3.05 (-1.38%)

ABC

AmerisourceBergen

$80.20

-0.47 (-0.58%)

CAH

Cardinal Health

$66.36

-0.71 (-1.06%)

MCK

McKesson

$149.89

1.47 (0.99%)

03/08/13
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03/06/13
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  • 21

    Sep

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  • 17

    Oct

EFX

Equifax

$94.55

0.17 (0.18%)

12:27
09/19/17
09/19
12:27
09/19/17
12:27
Periodicals
Massachusetts Attorney General files lawsuit against Equifax, Reuters reports »

The State of…

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  • 22

    Oct

ADK

AdCare

$0.98

-0.01 (-1.01%)

12:26
09/19/17
09/19
12:26
09/19/17
12:26
Conference/Events
AdCare to host special shareholder meeting »

Special Shareholder…

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