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SEND

SendGrid

$34.38

-1.21 (-3.40%)

, BOX

Box

$22.01

-0.49 (-2.18%)

16:05
10/02/18
10/02
16:05
10/02/18
16:05

SendGrid names Carrie Palin chief marketing officer

SendGrid (SEND) announced that Carrie Palin has joined the company as Chief Marketing Officer. Carrie joins SendGrid from Box (BOX) where she was Senior Vice President and the company's first Chief Marketing Officer.

SEND

SendGrid

$34.38

-1.21 (-3.40%)

BOX

Box

$22.01

-0.49 (-2.18%)

SEND SendGrid
$34.38

-1.21 (-3.40%)

04/25/18
ADAM
04/25/18
INITIATION
Target $32
ADAM
Buy
SendGrid initiated with a Buy at Canaccord
Canaccord analyst Richard Davis initiated SendGrid with a Buy saying it is a promising business as a SaaS vertical firm. He said the company has low-friction selling/adoption, a business-to-developer GTM model, and has infrastructure layers where buyers source the various components of their stack. Davis has a $32 price target on SendGrid shares.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $42
KEYB
Overweight
SendGrid price target raised to $42 from $32 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for SendGrid (SEND) to $42 from $32 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth (BAND), and SendGrid. Bracelin reiterates an Overweight rating on SendGrid shares.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $64
KEYB
Overweight
Bandwidth price target raised to $64 from $45 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Bandwidth (BAND) to $64 from $45 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth, and SendGrid (SEND). Bracelin reiterates an Overweight rating on Bandwidth shares.
09/24/18
FANA
09/24/18
INITIATION
Target $45
FANA
Strong Buy
SendGrid initiated with a Strong Buy at First Analysis
First Analysis analyst David Gearhart initiated SendGrid with a Strong Buy rating and a price target of $45, citing its position as a leader in email delivery and its multiple catalysts for growth. The analyst says the company should see a 20% top-line growth and improving profitability, along with free cash flow generation, over the foreseeable future amid the business trend of transition to outsourced platforms, industry volume growth, and cross-sell opportunities. Gearhart also cites SendGrid software capability to be "quickly integrated by businesses through a cloud-based API", which allows for "automated delivery of wanted transactional and marketing emails to end customer and user inboxes at scale". The analyst notes that the company's valuation of 12.6-times enterprise value to expected 2018 sales is comparable to its peer group.
BOX Box
$22.01

-0.49 (-2.18%)

08/29/18
JMPS
08/29/18
NO CHANGE
Target $32
JMPS
Outperform
Box price target raised to $32 from $28 at JMP Securities
JMP Securities analyst Greg McDowell noted that Box reported second quarter revenue, non-GAAP EPS and billings that were above consensus forecasts. However, the stock slid in afterhours trading, which he attributes to a combination of Q3 billings growth, revenue and EPS guidance that were below consensus and what he sees as a "walk back" from a target of hitting a $1B revenue run-rate in the third quarter of FY21 to "not pinpointing" the quarter in which it will achieve that run-rate. His new $32 price target implies an unchanged revenue multiple applied to his newly introduced CY2020 revenue estimate. McDowell maintains an Outperform rating on Box shares.
08/31/18
DADA
08/31/18
NO CHANGE
Target $30
DADA
Buy
Box pushout of $1B revenue goal is a healthy reset, says DA Davidson
DA Davidson analyst Rishi Jaluria kept his Buy rating and $30 price target on Box after its Analyst Day yesterday, saying the company's pushed out forecast of achieving $1B in revenue by a few quarters is a "healthy reset" of expectations. The analyst notes that the company's new implied annualized growth target of 18% for the next 2 years, down from 27% prior view, is a "much more realistic goal. Jaluria is also positive on Box maintaining its operating model of 17% free cash flow margins while focusing on retention, reach, and efficiency as part of its plans to accelerate revenue and billings in 2019. The analyst further states that the company has a "long runway of growth" from its cross-sell and global expansion opportunities.
09/04/18
ADAM
09/04/18
NO CHANGE
Target $30
ADAM
Buy
Box pullbacks should be used to add to positions, says Canaccord
Canaccord analyst Richard Davis expects Box shares to be largely trendless until investors get a sense as to whether they will beat the consensus outlook for Q4. The analyst believes it is ok to buy at least a starter position here and to add a full position over the next few months on pullbacks and dips. Davis reiterated his Buy rating and $30 price target on Box shares.
09/18/18
FANA
09/18/18
NO CHANGE
Target $32
FANA
Strong Buy
First Analysis reiterates Strong Buy rating on Box with $32 target
First Analysis analyst Ken Wang reiterates a Strong Buy rating on Box with a $32 price target following a recent to the company's headquarters and management meetings. The meetings reinforced the analyst's confidence that Box is well positioned to reaccelerate billings growth in fiscal Q4 and fiscal 2020, and revenue growth in fiscal 2020. Wang continues to expect Box will reach $1B or greater full-year revenue in fiscal 2022.

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