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WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

, MSFT

Microsoft

$137.08

-1.86 (-1.34%)

06:19
07/17/19
07/17
06:19
07/17/19
06:19

Slack Technologies initiated with a Neutral at Citi

Citi analyst Walter Pritchard started Slack Technologies (WORK) with a Neutral rating and $39 price target. Both Microsoft (MSFT) and Alphabet (GOOGL) see the productivity and collaboration software category as a strategic imperative and are investing, which will keep competitive pressure on Slack, Pritchard tells investors in a research note.

WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

MSFT

Microsoft

$137.08

-1.86 (-1.34%)

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

  • 17

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WORK Slack Technologies
$34.43

-0.35 (-1.01%)

07/16/19
07/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) initiated with a Sell at Goldman Sachs. 2. Slack Technologies (WORK) initiated with an Overweight at KeyBanc, an Equal Weight at Morgan Stanley, and a Neutral at Goldman Sachs as well as Credit Suisse. 3. Baytex Energy (BTE) initiated with an Outperform at Credit Suisse. 4. TowneBank (TOWN) assumed with a Neutral at Piper Jaffray. 5. Vermilion Energy (VET) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/19
FBCO
07/16/19
INITIATION
Target $40
FBCO
Neutral
Slack Technologies initiated with a Neutral at Credit Suisse
Credit Suisse analyst Brad Zelnick started coverage of Slack Technologies with a Neutral rating and $40 price target. The analyst appreciates Slack's transformative approach to collaboration and vibrant software ecosystem, but believes its future success is largely reflected in the current share price.
07/16/19
KEYB
07/16/19
INITIATION
Target $44
KEYB
Overweight
Slack Technologies initiated with an Overweight at KeyBanc
KeyBanc analyst Brent Bracelin started coverage of Slack Technologies with an Overweight rating and $44 price target. The analyst cited the potential to become an automation platform for the middle-office where revenue could eclipse $3B within five years and $10B within ten years.
07/16/19
MSCO
07/16/19
INITIATION
Target $38
MSCO
Equal Weight
Slack Technologies initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Keith Weiss started Slack Technologies with an Equal Weight rating and $38 price target. While his analysis points to a $34B total addressable market opportunity, which Weiss said supports his "conservative" 40%+ revenue growth forecast through 2020, he thinks the rising competition in the team collaboration space and the stock's current valuation make the risk/reward balanced, he tells investors.
MSFT Microsoft
$137.08

-1.86 (-1.34%)

07/11/19
COWN
07/11/19
INITIATION
Target $150
COWN
Outperform
Microsoft could deliver incremental $100B of revenue by FY25, says Cowen
Cowen analyst Nick Yako initiated Microsoft with an Outperform rating and $150 price target. In a research note to investors, the analyst says believes has positioned itself in the right secular growth markets to deliver an incremental $100B of revenue by fiscal 2025, driving consistent double digit earnings growth in FY20-FY25. Additionaly, Yako says he expects Microsoft's Commercial Cloud, including both Office 365 Commercial and Azure, to be the primary driver of growth going forward.
07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/19
BMOC
07/16/19
NO CHANGE
Target $153
BMOC
Outperform
Microsoft price target raised to $153 from $147 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Microsoft to $153 and kept his Outperform rating, saying the company should "easily meet or modestly exceed" consensus expectations for the upcoming quarterly results. The analyst adds that Microsoft can serve as both an "offensive and defensive" stock, and that his new price target reflects his conviction about the company being able to sustain a double-digit revenue growth rate.
07/16/19
WEDB
07/16/19
NO CHANGE
Target $155
WEDB
Outperform
Wedbush expects another 'strong' performance from Microsoft on cloud success
Ahead of Microsoft's quarterly results, Wedbush analyst Daniel Ives expects the company to post a "solid beat" across the board on both the top and bottom line as cloud strength on Azure and Office 365 continues to be the fuel in the tank with strong field checks indicating the company could beat commercial cloud expectations by about 3%-plus. The analyst believes the shift to cloud is a major secular trend and key tailwind that is significantly benefiting Microsoft in the field and should continue its momentum heading into fiscal year 2020 based on his checks showing an inflection point of demand is abound. Ives reiterates an Outperform rating and $155 price target on the shares.
GOOG Alphabet
$1,152.97

2.58 (0.22%)

07/11/19
BNCH
07/11/19
NO CHANGE
Target $48
BNCH
Buy
OpenText price target raised to $48 from $42 at Benchmark
Benchmark analyst Mark Schappel raised his price target on OpenText (OTEX) shares to $48 from $42 after having attended the company's annual user conference. No "monumental revelations" came out of the event, but it reinforced his Buy rating and overall investment thesis, said Schappel, who sees the company as a consolidator in the relatively mature ECM/EIM software space. Ahead of April 2020, when the company will start to sell all of its solutions as a cloud service, OpenText "strengthened its cloud credentials" by announcing an extended partnership with Google Cloud to become Google's (GOOGL) preferred EIM services provider, noted Schappel.
07/09/19
LEHM
07/09/19
NO CHANGE
Target $1315
LEHM
Overweight
Alphabet sentiment too negative into Q2 results, says Barclays
Barclays analyst Ross Sandler believes the sentiment on Alphabet shares "seems too negative" heading into the company's Q2 results. The analyst expects broadly in-line revenue and earnings in Q2, which he notes "tends to be not-good-enough for its stock performance." However, the buyside is expecting weakness, hence sentiment has "soured meaningfully," Sandler tells investors in a research note. He believes his channel checks are slightly more upbeat than what the investment community seems to be expecting. As a result, the backdrop for shares "is somewhat favorable for longer term investors," he says. Sandler keeps an Overweight rating on Alphabet with a $1,315 price target.
06/27/19
06/27/19
INITIATION
Target $35

Outperform
Wedbush bullish on AMD, initiates with an Outperform
As previously reported, Wedbush analyst Matthew Bryson initiated AMD (AMD) with an Outperform rating and $35 price target. The analyst views AMD's reemergence in CPUs as one of the likely major shifts in both the PC and data center markets over the next few years. Specifically, Bryson believes AMD's early adoption of a distributed "chiplet" architecture combined with a shift to leading edge geometries positions the company to take meaningful share from Intel (INTC) in both the PC and server markets over the next few years. Moreover, he expects AMD will also realize some more modest benefits on the GPU side, with its GPU business also poised to benefit from a resumption of more normalized channel sales, sales into Google (GOOG) Stadia, console transitions, and a recently signed agreement with Samsung (SSNLF) to share and license IP.
06/25/19
OPCO
06/25/19
NO CHANGE
Target $7
OPCO
Outperform
Meet Group should be able to navigate through noise, says Oppenheimer
Oppenheimer analyst Jed Kelly hosted an Investor call with Meet Group's management team, where the latter pushed back on a recent short report by conveying its commitment to investing in content moderation that is quickly removing any bad actors from its platform to create a safe environment for its user community that is in line with Apple (AAPL) and Google (GOOG) Play's App stores requirements. The analyst believes Meet Group will be able to navigate through recent content moderation noise, and remains a buyer on his view that upcoming results will exhibit "solid execution" on pivot to video to improve sentiment and generate multiple expansion. He has an Outperform rating and $7 price target on the shares.
GOOGL Alphabet Class A
$1,152.86

2.4 (0.21%)

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