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MIME

Mimecast

$40.91

(0.00%)

, MSFT

Microsoft

$98.04

(0.00%)

09:26
05/15/18
05/15
09:26
05/15/18
09:26

Mimecast price target raised to $49 from $46 at Needham

Needham analyst Alex Henderson raised his price target on Mimecast (MIME) to $49 and kept his Buy rating after its "strong" Q4 results and initial FY19 guidance. The analyst notes that the wider than expected loss was in part due to the costs around the company's move to Lexington headquarters. Henderson adds that the upcoming quarter will be the first under the ASC 606 model, which should weigh on revenues but also add "solidly" to operating margins. The analyst is also positive on Mimecast's expansion in Europe following a "smooth" build-out in Germany, while its partnership with Microsoft (MSFT) is not changing despite the comments made regarding security around Office 365.

MIME

Mimecast

$40.91

(0.00%)

MSFT

Microsoft

$98.04

(0.00%)

  • 15

    May

  • 03

    Jun

MIME Mimecast
$40.91

(0.00%)

04/24/18
NEED
04/24/18
NO CHANGE
Target $46
NEED
Buy
Mimecast price target raised to $46 from $40 at Needham
Needham analyst Alex Henderson raised his price target on Mimecast to $46 and kept his Buy rating after his week at the RSA Security Conference that reinforced the trends of strengthening demand, increased security spending amid digital transformation, and boards becoming more engaged around data breach risks and upcoming GDPR data protection regulations. Henderson says the company announced several feature improvements at the conference that should drive a "solid flow of advancements" while also growing its market share in email security.
05/15/18
LEHM
05/15/18
NO CHANGE
Target $47
LEHM
Overweight
Mimecast price target raised to $47 from $40 at Barclays
Barclays analyst Saket Kalia raised his price target for Mimecast to $47 saying the company posted better than expected revenue and EBITDA in Q4. The analyst keeps an Overweight rating on the shares.
05/15/18
SPHN
05/15/18
NO CHANGE
Target $50
SPHN
Overweight
Mimecast price target raised to $50 from $42 at Stephens
After Mimecast reported Q4 revenue and billings that topped consensus and issued "strong" guidance for FY19, Stephens analyst Jonathan Ruykhaver raised his price target on the stock to $50 from $42, stating that he believes the core drivers remain in place, notably the emerging enterprise opportunity. He maintains an Overweight rating on Mimecast shares.
05/15/18
BMOC
05/15/18
NO CHANGE
Target $48
BMOC
Outperform
Mimecast price target raised to $48 from $38 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Mimecast to $48 after the company posted another revenue beat in Q4. The analyst adds that the quarter's metrics were "solid across the board", with strong "Office 365 adoption, average order value, number of services, and new customer additions" of 1.2K vs. 1.1K in Q3. Bachman further states that the rate of customers subscribing to more than 4 services has trended up to 33% of total in Q4 vs. 29% a year ago. The analyst keeps his Outperform rating on Mimecast.
MSFT Microsoft
$98.04

(0.00%)

04/27/18
UBSW
04/27/18
NO CHANGE
Target $114
UBSW
Buy
UBS ups Microsoft price target to $114 after 'best quarter in four years'
UBS analyst Jennifer Lowe said Microsoft's Q1 was its best report in four years. The analyst noted margins outperformed and the company received a strong contribution from Cloud businesses. She noted the momentum does not appear to be slowing down and margins should continue to improve. Lowe reiterated her Buy rating and raised her price target to $114 from $110 on Microsoft shares.
04/27/18
JPMS
04/27/18
UPGRADE
Target $110
JPMS
Overweight
JPMorgan upgrades Microsoft to Overweight with $110 price target
JPMorgan analyst Mark Murphy upgraded Microsoft to Overweight from Neutral and raised his price target for the shares to $110 from $94 following last night's Q3 results. The stock in premarket trading us up 4%, or $3.68, to $97.94. The global movement toward multi-cloud architectures will benefit Microsoft's Azure, Murphy tells investors in a research note. Further, he believes the company's "linkage to large digital transformation initiatives" and favorable positioning for hybrid cloud architectures create potential for additional upside.
04/27/18
04/27/18
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. Facebook (FB) upgraded to Buy from Hold at Stifel with analyst Scott Devitt acknowledging that he was wrong to have stuck with his recent view on Facebook following its first earnings report. 2. Microsoft (MSFT) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy saying the global movement toward multi-cloud architectures will benefit Microsoft's Azure. 3. Bristol-Myers (BMY) upgraded to Market Perform from Underperform at BMO Capital with analyst Alex Arfaei saying his concerns around the uncertainty of Opdivo sales erosion are mostly priced in, anticipating a 7% sales growth for the drug in 2019 and hoping for "more competitive" 1L-NSCLC readout that the recently disappointing IO data. 4. Nike (NKE) upgraded to Buy from Hold at HSBC. 5. Intel (INTC) upgraded to Market Perform from Underperform at Bernstein with analyst Stacy Rasgon citing the company's "very strong" Q1 report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/18
FBCO
05/10/18
NO CHANGE
Target $115
FBCO
Outperform
Microsoft continues to leverage penetration in enterprise, says Credit Suisse
Credit Suisse analyst Michael Nemeroff says that Microsoft continues to leverage its existing and deep penetration in the enterprise to further distance itself among its technology peers by incorporating AI and ML into its dominant suite of productivity applications. The analyst reiterates an Outperform rating and $115 price target on the shares.

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Morphosys AG

$0.00

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EVI

EnviroStar

$42.25

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XLRN

Acceleron

$54.03

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ABBV

AbbVie

$92.60

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FIT

Fitbit

$5.80

0.35 (6.42%)

, HUM

Humana

$335.84

1.93 (0.58%)

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HUM

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VIRT

Virtu Financial

$22.05

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MGM

MGM Resorts

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TLRY

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WP

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NFLX

Netflix

$367.85

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TLRY

Tilray

$154.99

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AMD

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, FTV

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AZO

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TLRY

Tilray

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