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AVLR

Avalara

$43.59

1.56 (3.71%)

, W

Wayfair

$120.92

1.56 (1.31%)

07:21
02/13/19
02/13
07:21
02/13/19
07:21

Avalara price target raised to $64 from $38 at JPMorgan

JPMorgan analyst Sterling Auty raised his price target for Avalara (AVLR) to $64 from $38 following the company's Q4 results. The December quarter is a "significant catalyst" for both the company and the stock as the positive impacts of the Supreme Court Wayfair (W) ruling has started to show "material benefits" to the business that will last for several years, Auty tells investors in a post-earnings research note. He keeps an Overweight rating on Avalara shares

AVLR

Avalara

$43.59

1.56 (3.71%)

W

Wayfair

$120.92

1.56 (1.31%)

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    Mar

AVLR Avalara
$43.59

1.56 (3.71%)

11/08/18
11/08/18
UPGRADE
Target $40

Outperform
Avalara upgraded to Outperform after 'strong' Q3 report at JMP Securities
As previously reported, JMP Securities analyst Patrick Walravens upgraded Avalara to Outperform from Market Perform after the company reported "strong" Q3 results. While the company's Q4 view was mixed, he believes the lower than expected earnings forecast is due to the company investing more in the business in light of its strong bookings and demand environment. He sees demand for Avalara's solutions increasing due to the South Dakota v. Wayfair decision, and believes the bulk of that demand is likely to hit over the next year or so. Walravens set a $40 price target on Avalara shares.
12/13/18
JPMS
12/13/18
UPGRADE
Target $38
JPMS
Overweight
Avalara upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Sterling Auty upgraded Avalara to Overweight with an unchanged price target of $38. Sales tax solutions are entering "secular adoption" on the back of the Supreme Court ruling, Auty tells investors in a research note. Further, he believes that even though transaction volumes can decline if macro headwinds arise, "taxes themselves are defensive." The analyst made rating changes in Software Technology to incorporate a move toward companies that are demonstrating less cyclicality and capitalizing more on secular technology adoption.
01/08/19
KEYB
01/08/19
NO CHANGE
KEYB
Microsoft, Salesforce among top Software stocks to own in 2019, says KeyBanc
KeyBanc analyst Brent Bracelin notes that despite challenging market conditions during Q4, the 45 software applications in his coverage universe outperformed the broader market by a wide margin. While industry conditions for application software appear more volatile entering 2019, the analyst sees a favorable backdrop for modern cloud-based applications with recurring subscription-based revenue models and continues to favor growth over value. His top software application stocks to own for 2019 include Microsoft (MSFT), Synopsys (SNPS), PTC (PTC), RealPage (RP), Talend (TLND), Salesforce (CRM), Shopify (SHOP), Twilio (TWLO), Avalara (AVLR).
02/01/19
GSCO
02/01/19
INITIATION
Target $50
GSCO
Buy
Avalara resumed with a Buy at Goldman Sachs
Goldman Sachs analyst Christopher Merwin resumed coverage of Avalara with a Buy rating and $50 price target. The company provides mostly mid-market companies software solutions to pay their taxes more accurately and cost-effectively, Merwin tells investors in a research note. He sizes this global market opportunity at $10B, which leaves Avalara a "long runway for growth."
W Wayfair
$120.92

1.56 (1.31%)

01/29/19
DBAB
01/29/19
INITIATION
Target $124
DBAB
Buy
Wayfair initiated with a Buy at Deutsche Bank
Deutsche Bank started Wayfair with a Buy rating and $124 price target.
02/04/19
PIPR
02/04/19
NO CHANGE
Target $150
PIPR
Overweight
Piper sees 'number of positive drivers' for Wayfair in 2019
Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Wayfair with a $150 price target following supplier meetings at last week's Las Vegas Market. The analyst sees a "number of positive drivers" for Wayfair in 2019, including tax refund season in the first half of the year, EBITDA margin improvement from operating expenditure leverage in the second half, and ramping sponsored product advertising through the year. Also important, supplier enthusiasm on Wayfair's near- and long-term capabilities continues to grow, Keith tells investors in a research note. He believes the company's "competitive moat is only set to widen" in the coming years, which in turn should drive "remarkable" long-term revenue and EBITDA growth.
02/08/19
OPCO
02/08/19
NO CHANGE
Target $140
OPCO
Outperform
Wayfair price target raised to $140 from $120 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target on Wayfair to $140 from $120 while maintaining an Outperform rating. In a research note to investors, Nagel says he is increasingly optimistic that a more subdued pace of hiring that started to take hold at Wayfair in late 2018 should help cap expense growth at the company through 2019.
02/12/19
DADA
02/12/19
NO CHANGE
Target $60
DADA
Underperform
DA Davidson reiterates $60 target on Wayfair citing Amazon 'encroachment'
In a research earlier today titled "Encroachment Is a 5-Yard Penalty," DA Davidson analyst Tom Forte reiterated an Underperform rating on Wayfair with a $60 12-18 month price target. The stock in morning trading is up 1% to $120.89. Amazon.com (AMZN) announced yesterday that it was launching two private-label furniture brands in the U.K., Forte wrote to investors. The analyst sees the news as "yet another indication" of Amazon's intent to expand its efforts in the home category, including furniture. Yesterday's announcement follows Amazon's decision last December to lower third-party selling fees for the furniture category, the analyst points out. Forte views Amazon's efforts to ramp its sales in the home category as an increasing threat for Wayfair. Further, the analyst is monitoring the potential sale of Overstock's (OSTK) legacy home e-commerce business, as he thinks a sale to a large bricks and mortar retailer could also result in additional competition for Wayfair.

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CLR

Continental Resources

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SPN

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WIN

Windstream

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0.2 (6.31%)

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UFPI

Universal Forest

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SCI

Service Corp.

$45.96

0.56 (1.23%)

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SCI

Service Corp.

$45.96

0.56 (1.23%)

16:34
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APY

Apergy

$36.84

0.92 (2.56%)

16:27
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NAVI

Navient

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SLCA

U.S. Silica

$14.41

-0.005 (-0.03%)

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JBHT

J.B. Hunt

$113.78

1.66 (1.48%)

16:12
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CAT

Caterpillar

$136.21

3.575 (2.70%)

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CUB

Cubic

$60.35

2.995 (5.22%)

16:07
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Cubic announces semiannual dividend of 13.5c per share »

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HMC

Honda

$27.35

0.04 (0.15%)

13:11
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Honda plan to close U.K. plant not due to Brexit, Reuters reports »

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HMC

Honda

$27.35

0.04 (0.15%)

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Periodicals
Honda to close U.K. car plant in 2022, Reuters reports »

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LUNMF

Lundin Mining

$0.00

(0.00%)

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Lundin Mining rating change at Goldman Sachs »

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CVR

Chicago Rivet & Machine

$28.36

0.56 (2.01%)

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DGX

Quest Diagnostics

$87.77

2.27 (2.66%)

, XRX

Xerox

$30.46

0.63 (2.11%)

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XRX

Xerox

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SRDX

Surmodics

$56.79

3.09 (5.75%)

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CUB

Cubic

$60.35

2.995 (5.22%)

, IBM

IBM

$138.05

1.55 (1.14%)

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CUB

Cubic

$60.35

2.995 (5.22%)

IBM

IBM

$138.05

1.55 (1.14%)

MSFT

Microsoft

$108.19

1.35 (1.26%)

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CGUSY

Casino Guichard Perrachon

$0.00

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CPYYY

Centrica

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MSM

MSC Industrial

$86.24

0.81 (0.95%)

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