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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%)

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  • 23

    Jun

  • 13

    Nov

BLKB Blackbaud
$82.23

-0.51 (-0.62%)

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".
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.
04/03/19
SPHN
04/03/19
DOWNGRADE
SPHN
Equal Weight
Blackbaud downgraded to Equal Weight from Overweight at Stephens
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.
CRM Salesforce
$160.03

-0.64 (-0.40%)

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.
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.
04/09/19
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."
04/16/19
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.

TODAY'S FREE FLY STORIES

NWL

Newell Brands

$13.84

-0.4 (-2.81%)

11:55
04/25/19
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11:55
Options
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11:50
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General news
U.S. Treasury tax receipts continue to surge »

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GILD

Gilead

$63.57

0.75 (1.19%)

11:48
04/25/19
04/25
11:48
04/25/19
11:48
Recommendations
Gilead analyst commentary at Piper Jaffray »

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IMMR

Immersion

$9.27

0.03 (0.32%)

11:45
04/25/19
04/25
11:45
04/25/19
11:45
Options
Immersion call volume above normal and directionally bullish »

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11:45
04/25/19
04/25
11:45
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11:45
General news
Treasury's $85 B 4- and 8-week bill auctions were mixed »

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11:43
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11:43
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11:43
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

11:43
04/25/19
04/25
11:43
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11:43
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

FB

Facebook

$193.51

10.87 (5.95%)

, TSLA

Tesla

$251.50

-7.2 (-2.78%)

11:38
04/25/19
04/25
11:38
04/25/19
11:38
On The Fly
Facebook upgrade, Tesla downgrade among today's top calls »

Check out today's top…

FB

Facebook

$193.51

10.87 (5.95%)

TSLA

Tesla

$251.50

-7.2 (-2.78%)

PTC

PTC

$90.78

-11.16 (-10.95%)

XLNX

Xilinx

$116.64

-23.15 (-16.56%)

GD

General Dynamics

$178.46

-2.21 (-1.22%)

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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PAGS

PagSeguro Digital

$26.34

-0.14 (-0.53%)

11:35
04/25/19
04/25
11:35
04/25/19
11:35
Options
PagSeguro Digital put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 14

    May

ZAYO

Zayo Group

$30.67

-1.075 (-3.39%)

11:31
04/25/19
04/25
11:31
04/25/19
11:31
Recommendations
Zayo Group analyst commentary at Wells Fargo »

Zayo weakness due to…

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  • 09

    May

CGI

Symbol changed to CGIP

$0.00

(0.00%)

, CGIP

Celadon Group

$0.00

(0.00%)

11:26
04/25/19
04/25
11:26
04/25/19
11:26
Hot Stocks
Celadon Group announces resolutions of DOJ, SEC investigations »

Celadon Group announced…

CGI

Symbol changed to CGIP

$0.00

(0.00%)

CGIP

Celadon Group

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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LBTYK

Liberty Global

$26.04

-0.35 (-1.33%)

11:25
04/25/19
04/25
11:25
04/25/19
11:25
Options
Liberty Global call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

    May

WABC

Westamerica

$62.57

-0.87 (-1.37%)

11:21
04/25/19
04/25
11:21
04/25/19
11:21
Hot Stocks
Westamerica increases quarterly cash dividend to 41c from 40c per share »

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  • 25

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11:20
04/25/19
04/25
11:20
04/25/19
11:20
General news
Energy Action: RBOB gasoline futures »

Energy Action: RBOB…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/25/19
04/25
11:17
04/25/19
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/25/19
04/25
11:16
04/25/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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11:15
04/25/19
04/25
11:15
04/25/19
11:15
General news
Treasury announced $75 B in 3- and 6-month bill auctions for Monday »

Treasury announced $75 B…

11:15
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11:15
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11:15
General news
Breaking General news story  »

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General news
Breaking General news story  »

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APC

Anadarko

$71.51

0.1 (0.14%)

11:10
04/25/19
04/25
11:10
04/25/19
11:10
Options
Bullish three-way spread in Anadarko targets an 8% move »

Bullish three-way spread…

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  • 14

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11:09
04/25/19
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11:09
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General news
6-Month Bill Announcement Offering Amount data reported »

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11:09
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General news
3-Month Bill Announcement Offering Amount data reported »

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CGI

Symbol changed to CGIP

$0.00

(0.00%)

11:06
04/25/19
04/25
11:06
04/25/19
11:06
Hot Stocks
SEC charges Celadon Group with accounting fraud »

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T

AT&T

$30.27

-0.51 (-1.66%)

, DIS

Disney

$135.26

0.16 (0.12%)

11:04
04/25/19
04/25
11:04
04/25/19
11:04
Periodicals
Disney in talks to buy Comcast's 30% stake in Hulu, CNBC reports »

Disney (DIS) is in talks…

T

AT&T

$30.27

-0.51 (-1.66%)

DIS

Disney

$135.26

0.16 (0.12%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$43.75

1.88 (4.49%)

03/08/13
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03/06/13
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11:03
04/25/19
04/25
11:03
04/25/19
11:03
General news
Kansas City Fed Manufacturing Index Level data reported »

April Kansas City Fed…

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