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BLKB

Blackbaud

$82.23

-0.51 (-0.62%)

, CRM

Salesforce

$160.03

-0.64 (-0.40%)

09:32
04/16/19
04/16
09:32
04/16/19
09:32

Blackbaud under threat from Salesforce nonprofit investment, says DA Davidson

DA Davidson analyst Rishi Jaluria kept his Neutral rating and $75 price target on Blackbaud (BLKB), which is down 4% in the pre-market, after the announcement by Salesforce (CRM) to combine its non-profit organization Salesforce.org with the parent. The analyst warns that the expected Salesforce investment increase in the nonprofit cloud space "could increase competitiveness against Blackbaud" longer term, even though he sees "enough differentiation" in the near term not to produce a significant change in competition.

BLKB

Blackbaud

$82.23

-0.51 (-0.62%)

CRM

Salesforce

$160.03

-0.64 (-0.40%)

  • 01

    May

  • 23

    Jun

  • 13

    Nov

BLKB Blackbaud
$82.23

-0.51 (-0.62%)

04/03/19
SPHN
04/03/19
DOWNGRADE
Target $86
SPHN
Equal Weight
Stephens downgrades Blackbaud to Equal Weight after stock rally
Stephens analyst James Rutherford downgraded Blackbaud to Equal Weight from Overweight with an unchanged price target of $86. The analyst believes the disconnect between the stock's multiple and the company's fundamentals has closed following the recent rally. In addition to the valuation call, Rutherford also sees risk of a Q1 revenue miss given recent donation trends as reported in the Blackbaud Giving Index coupled with Street estimates "that seem to expect growth acceleration." However, the analyst continues to believe in Blackbaud's cloud strategy, competitive position, and growth acceleration in 2020.
04/03/19
SPHN
04/03/19
DOWNGRADE
SPHN
Equal Weight
Blackbaud downgraded to Equal Weight from Overweight at Stephens
03/29/19
DADA
03/29/19
NO CHANGE
Target $75
DADA
Neutral
Blackbaud price target raised to $75 from $65 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on Blackbaud to $75 after meeting with its Investor Relations director to discuss the company's "sales and marketing investments, organic growth, the competitive environment, and the end markets". The analyst notes that the company has "completed significant structural / organizational changes" and now has an eye on ramping sales headcount and increasing sales productivity, having grown its customer base from 40K to 45K in the last year. Jaluria also cites the management's view that Blackbaud is "well-positioned to take share in its multiple verticals due to the value proposition it provides", but keeps his Neutral rating on the stock.
01/16/19
SPHN
01/16/19
INITIATION
Target $86
SPHN
Overweight
Blackbaud initiated with an Overweight at Stephens
Stephens analyst James Rutherford initiated Blackbaud with an Overweight rating and a price target of $86, citing the company's position as a "leading software provider to the non-profit industry". The analyst believes that the company's upcoming FY19 guidance will be below consensus because of the "pains arising from cloud transition", but urges investors to buy into weakness given the company's "large market opportunity, strong product set, sticky customers, revenue growth, and annual margin expansion".
CRM Salesforce
$160.03

-0.64 (-0.40%)

04/16/19
JEFF
04/16/19
NO CHANGE
Target $189
JEFF
Buy
Salesforce remains a top large cap pick at Jefferies
Jefferies analyst John DiFucci says Salesforce remains a top large cap pick after the company said it will combine with Salesforce.org, an independent California public benefit corporation. As part of the transaction, Salesforce will pay $300M in cash for all shares of Salesforce.org. The analyst will change his model once the transaction closes and continues to believe the company remains well positioned to attain its long-term goals. DiFucci reiterates a Buy rating on Salesforce with a $189 price target.
04/09/19
NOMU
04/09/19
INITIATION
Target $300
NOMU
Neutral
Nomura Instinet starts 'true disruptor' Tesla with Neutral rating, $300 target
Nomura Instinet analyst Christopher Eberle initiated coverage of Tesla (TSLA) with a Neutral rating and $300 price target. The stock closed down 89c to $272.31. Tesla is a "true disruptor" of the automotive industry and its approach has "several moats," Eberle tells investors in a research note. The analyst, however, is cautious near term as Tesla navigates the "breakneck pace" of its global expansion. Eberle likens Tesla's position in electric vehicles and "Auto 2.0" to Salesforce (CRM) at the beginning of its software-as-a-service digital transformation era and its disruption of the way businesses bought and consumed software. Electric vehicle manufacturing and the selling of the cars are just the beginning of what CEO Elon Musk has in mind for Tesla, contends Eberle. He sees the company as "likely the foundation for automation of transportation."
04/05/19
OPCO
04/05/19
NO CHANGE
Target $127
OPCO
Outperform
Microsoft well positioned for digital transformations, says Oppenheimer
Oppenheimer analyst Tim Horan says he continues to believe Microsoft (MSFT) is well positioned for digital transformations. The company made several other announcements this week, including partnering with Adobe (ADBE) to compete with Saleforce (CRM), an IoT manufacturing platform with BMW (BMWYY), and more sales/marketing software to eCommerce companies, he says. Horan maintains an Outperform rating and $127 price target.
04/05/19
BARD
04/05/19
NO CHANGE
Target $208
BARD
Outperform
Baird boosts Shopify target to $208 from $188 after 'positive' checks
Baird analyst Colin Sebastian raised his price target for Shopify (SHOP) to $208 from $188 and keeps an Outperform rating on the shares following "positive" channel checks. The stock closed yesterday down 5% to $194.75 following a cautious research report from short-seller Citron Research. Channel checks suggest Shopify continues to consolidate share, despite intensifying competitive concerns from Adobe (ABDE), Facebook/Instagram (FB), Microsoft (MSFT), Salesforce (CRM) and Square (SQ), Sebastian tells investors in a research note. The analyst believes it will "take years and significant investment for others to catch up." Further, enterprise, international and merchant services offer incremental growth potential for Shopify, says the analyst. While not in "pound the table" territory, investors should opportunistically add or build to positions in the name on pullbacks, contends Sebastian.

TODAY'S FREE FLY STORIES

UBER

Uber

$41.40

0.94 (2.32%)

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

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Aptose Biosciences files for $40M at-the-market common stock offering »

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:25
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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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Apple sued over allegedly selling users' iTunes data, Bloomberg says »

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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:18
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Syndicate
Breaking Syndicate news story on Myovant Sciences »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

17:17
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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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Qiagen launches diagnostic for PIK3CA biomarkers in breast cancer »

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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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  • 24

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
05/24/19
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Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

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SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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Syndicate
Breaking Syndicate news story on SharpSpring »

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  • 13

    Jun

CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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Breaking Syndicate news story on China Recycling Energy »

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
05/24
16:36
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16:36
Conference/Events
Fennec management to meet with Wedbush »

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  • 29

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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16:30
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Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

16:25
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Cibus requests withdrawal of registration statement »

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BA

Boeing

$355.14

4.57 (1.30%)

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Boeing 737 MAX return delayed by FAA expanding review, WSJ reports »

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

Boeing

$355.14

4.57 (1.30%)

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FB

Facebook

$181.03

0.14 (0.08%)

BA

Boeing

$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

-0.14 (-0.17%)

SMI

SMIC

$5.23

-0.26 (-4.74%)

HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

$113.42

13.81 (13.86%)

GPN

Global Payments

$153.42

5.45 (3.68%)

HIBB

Hibbett Sports

$23.91

4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/24/19
05/24
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/24/19
05/24
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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05/24
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Technical Analysis
NYSE market internals summary »

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

16:15
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Regional Health Properties receives NYSE notice over late Form 10-Q filing »

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
05/24/19
05/24
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16:14
Syndicate
Breaking Syndicate news story on Translate Bio »

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  • 18

    Jun

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