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NOW

ServiceNow

$236.15

-3.65 (-1.52%)

, ZEN

Zendesk

$80.79

-1.17 (-1.43%)

06:14
04/18/19
04/18
06:14
04/18/19
06:14

ServiceNow price target raised to $260 from $230 at Piper Jaffray

Piper Jaffray analyst Alex Zukin raised his price target for Overweight-rated ServiceNow (NOW) to $260 from $230, for Overweight-rated Zendesk (ZEN) to $100 from $91 and for Neutral-rated LogMeln (LOGM) to $84 from $80. The analyst believes all three companies delivered "solid" results in Q1 and her new targets reflect higher peer group multiples. Zukin's Q1 checks came back "strong" for ServiceNow and "solid" for Zendesk.

NOW

ServiceNow

$236.15

-3.65 (-1.52%)

ZEN

Zendesk

$80.79

-1.17 (-1.43%)

LOGM

LogMeln

$81.22

-0.74 (-0.90%)

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NOW ServiceNow
$236.15

-3.65 (-1.52%)

03/05/19
JEFF
03/05/19
NO CHANGE
Target $242
JEFF
Buy
ServiceNow has large opportunity in U.S. Federal, says Jefferies
After attending the company's Federal Summit in Washington D.C., Jefferies analyst Samad Samana keeps a Buy rating on ServiceNow with a $242 price target. While U.S. Federal is less than 10% of total revenue, it is a large opportunity, Samana tells investors in a research note. He found that ServiceNow is gaining traction and walked away with a positive view on its ability to grow its federal business.
03/13/19
MZHO
03/13/19
INITIATION
Target $265
MZHO
Buy
ServiceNow initiated with a Buy at Mizuho
Mizuho analyst Gregg Moskowitz initiated ServiceNow with a $265 price target.
03/14/19
MZHO
03/14/19
INITIATION
Target $265
MZHO
Buy
Mizuho starts ServiceNow with Buy rating, $265 price target
Mizuho analyst Gregg Moskowitz last night initiated coverage of ServiceNow with a Buy rating and $265 price target. The company is "very well-positioned" to partner with large enterprises in their digital transformations, Moskowitz tells investors in a research note. He sees "continued high growth for the foreseeable future" aided by high demand for workflow automation, strong cross-sell opportunities, and entry into new markets.
03/20/19
DBAB
03/20/19
NO CHANGE
Target $270
DBAB
Buy
ServiceNow price target raised to $270 from $230 at Deutsche Bank
Deutsche Bank analyst Karl Keirstead raised his price target for ServiceNow to $270 from $230 saying the early Q4 launch of the new ITSM Pro edition at a 50% list price premium "could be a material growth catalyst." The analyst reaffirms a Buy rating on the shares.
ZEN Zendesk
$80.79

-1.17 (-1.43%)

02/06/19
WELS
02/06/19
NO CHANGE
Target $90
WELS
Outperform
Zendesk price target raised to $90 from $80 at Wells Fargo
Wells Fargo analyst Philip Winslow raised his price target for Zendesk to $90 from $80 following "strong" Q4 results with revenue, EPS and billings above consensus expectations driven by momentum in enterprise accounts, growing interest in newer products, and strong sales execution. The analyst reiterates an Outperform rating on the shares.
02/06/19
CHLM
02/06/19
NO CHANGE
Target $84
CHLM
Buy
Zendesk price target raised to $84 from $68 at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee raised his price target for Zendesk to $84 from $68 after the company posted another "rock solid quarter," with reported top-line growth accelerating to 41% year over year on $172.2M in revenue. The analyst reiterates a Buy rating on the shares.
03/07/19
DBAB
03/07/19
NO CHANGE
DBAB
Buy
Zendesk can post 30%-plus revenue growth for years, says Deutsche Bank
After hosting investor meetings with management, Deutsche Bank analyst Michael Turrin thinks Zendesk can continue to drive 30%-plus revenue growth over a multi-year period. The company has "several additional growth drivers in place" beyond seat-based expansion, which has been the main contributor to driving consistent net expansion rates of 115%-120%, Turrin told investors earlier in a research note. Further, the analyst believes the launch of Zendesk Suite has been a "true differentiator." It has eliminated some of the selling friction around licensing while also delivering increased value to customers, Turrin said. He believes Zendesk continues to drive progress on the move upmarket and keeps a Buy rating on the shares.
03/29/19
DBAB
03/29/19
NO CHANGE
Target $94
DBAB
Buy
Zendesk price target raised to $94 from $88 at Deutsche Bank
Deutsche Bank analyst Michael Turrin raised his price target for Zendesk to $94 from $88 and keeps a Buy rating on the shares after spending time at the company's headquarters. With the launch of Sunshine and Sell, Zendesk is becoming more open in describing themselves as a customer relationship management provider, Turrin tells investors in a research note. The analyst sees room for some additional product bundling at Zendesk, which he thinks can help drive continued improvements in retention as well as increasing average revenue per user.
LOGM LogMeln
$81.22

-0.74 (-0.90%)

04/12/19
LEHM
04/12/19
DOWNGRADE
LEHM
Underweight
Barclays says 'log me out,' double downgrades LogMeln to Underweight
Barclays analyst Raimo Lenschow double downgraded LogMeln to Underweight from Overweight and cut his price target for the shares to $74 from $104. The stock closed yesterday at $83.44. The core LogMeln offering around the Gravity platform is at the end of its growth trajectory, as the impact of pricing is weakening, Lenschow tells investors in a research note titled "Log Me Out." At the same time, LogMeIn's current collaboration offering faces increased competition and has a dated product set, says the analyst. Lenschow believes the only "viable choice" for LogMeln is to "double down" on the next market - Unified Communication as a Service. However, this transition "would not be without hurdles" given increased competition and the need to invest in sales capacity, he notes. As a result, the analyst expects LogMeln shares will likely be relative underperformers.
04/12/19
LEHM
04/12/19
DOWNGRADE
Target $74
LEHM
Underweight
LogMeln downgraded to Underweight from Overweight at Barclays
Barclays analyst Raimo Lenschow double downgraded LogMeln to Underweight from Overweight and cut his price target for the shares to $74 from $104.
03/14/19
MZHO
03/14/19
INITIATION
Target $88
MZHO
Neutral
Mizuho calls LogMeln's investment plan 'risky,' starts at Neutral
Mizuho analyst Gregg Moskowitz last night initiated coverage of LogMeln with a Neutral rating and $88 price target. The analyst does not believe the recently announced restructuring plan will yield the resurgence in overall growth that management expects. He views LogMeln's investment plan as "risky."
04/12/19
04/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell at New Street. 2. Chesapeake (CHK) downgraded to Sell from Neutral at Goldman Sachs. 3. Grainger (GWW) downgraded to Underperform at Gordon Haskett with analyst John Inch citing his view of the risk that Grainger's U.S. sales significantly decelerate, driven by his analysis of web data. 4. LogMeln (LOGM) downgraded to Underweight from Overweight at Barclays with analyst Raimo Lenschow saying the core LogMeln offering around the Gravity platform is at the end of its growth trajectory, as the impact of pricing is weakening. 5. Crown Castle (CCI) downgraded to Neutral from Buy at Guggenheim with analyst Robert Gutman saying secular strength is now reflected in valuation and raised his price target to $127 from $120. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GIS

General Mills

$52.59

0.15 (0.29%)

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BIDU

Baidu

$117.13

0.26 (0.22%)

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KR

Kroger

$23.62

-0.32 (-1.34%)

, DRI

Darden

$116.14

-1.8 (-1.53%)

12:35
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DRI

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MDR

McDermott

$7.69

0.065 (0.85%)

12:35
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McDermott put volume heavy and directionally bearish »

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ORCL

Oracle

$52.80

-0.08 (-0.15%)

12:35
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GME

GameStop

$5.65

-0.08 (-1.40%)

, ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

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GME

GameStop

$5.65

-0.08 (-1.40%)

ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$109.38

-1.61 (-1.45%)

EA

Electronic Arts

$92.38

0.35 (0.38%)

MSFT

Microsoft

$134.54

-0.66 (-0.49%)

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INO

Inovio

$2.61

-0.02 (-0.76%)

12:25
06/19/19
06/19
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Conference/Events
Inovio management to meet with Piper Jaffray »

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  • 25

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SHOP

Shopify

$316.25

11.94 (3.92%)

12:25
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06/19
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Conference/Events
Shopify to host investor day »

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EVBG

Everbridge

$89.89

1.36 (1.54%)

12:25
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Conference/Events
Everbridge to host analyst & investor meeting »

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  • 19

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AAXN

Axon

$67.30

1.28 (1.94%)

12:24
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Periodicals
Breaking Periodicals news story on Axon »

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  • 20

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IOVA

Iovance Biotherapeutics

$22.23

-0.15 (-0.67%)

12:23
06/19/19
06/19
12:23
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Conference/Events
Iovance Biotherapeutics management to meet with Piper Jaffray »

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FB

Facebook

$185.75

-2.71 (-1.44%)

, AMZN

Amazon.com

$1,900.94

-1.06 (-0.06%)

12:18
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#SocialStocks: Facebook announces blockchain currency »

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FB

Facebook

$185.75

-2.71 (-1.44%)

AMZN

Amazon.com

$1,900.94

-1.06 (-0.06%)

GOOG

Alphabet

$1,097.93

-6.47 (-0.59%)

AAPL

Apple

$198.14

-0.38 (-0.19%)

TWTR

Twitter

$36.04

-0.6 (-1.64%)

SNAP

Snap

$14.60

-0.26 (-1.75%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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$NYE

NYSE Market Internals

$0.00

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EEFT

Euronet

$159.30

2.33 (1.48%)

12:12
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Conference/Events
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UBER

Uber

$45.39

1.51 (3.44%)

12:10
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MRK

Merck

$84.73

0.24 (0.28%)

12:06
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TME

Tencent Music

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FB

Facebook

$185.95

-2.51 (-1.33%)

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Adobe

$290.29

13.49 (4.87%)

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AXTA

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JBL

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$29.95

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GPRE

Green Plains

$11.26

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ENR

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$39.33

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CO

Global Cord Blood

$5.10

-0.67 (-11.61%)

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ZYME

Zymeworks

$18.69

-1.46 (-7.25%)

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MOGU

Mogu

$3.08

-0.26 (-7.78%)

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PPDF

PPDAI Group

$4.41

0.38 (9.43%)

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ERJ

Embraer

$19.35

-0.065 (-0.33%)

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