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WDAY

Workday

$190.87

4.53 (2.43%)

, CRM

Salesforce

$147.40

1.85 (1.27%)

07:04
08/22/19
08/22
07:04
08/22/19
07:04

Workday initiated with a Buy at Mizuho

As previously reported, Mizuho analyst Siti Panigrahi initiated Workday (WDAY) with a Buy rating and a price target of $225 as part of his broader research note into the cloud HCM software sector. The analyst contends that similar to Salesforce's (CRM) front-office suite, the company's product is "well positioned" to become the "de-facto cloud vendor" for the back office applications, also achieving a dominant position in the next-gen enterprise application segment.

WDAY

Workday

$190.87

4.53 (2.43%)

CRM

Salesforce

$147.40

1.85 (1.27%)

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    Aug

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  • 12

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    Dec

WDAY Workday
$190.87

4.53 (2.43%)

05/29/19
NEED
05/29/19
NO CHANGE
Target $250
NEED
Buy
Workday price target raised to $250 from $230 at Needham
Needham analyst Scott Berg raised his price target on Workday to $250 and kept his Buy rating after its "strong" Q1 results. The analyst says the company topped expectations in a typically weak quarter with accelerating sequential billings and short term revenue growth. Berg notes that Workday's Human Capital Management software sales were "more than steady", but sees the company's Financials platform as particularly impressive, highlighting the company's larger enterprise customers being ready to move Financials to the cloud.
08/13/19
COMP
08/13/19
INITIATION
Target $238
COMP
Buy
Workday initiated with a Buy at Compass Point
Compass Point analyst Marshall Senk initiated Workday with a Buy rating and $238 price target, stating that he views the company as "a leading candidate" to take market share in all its three categories of Human Capital Management, financial management and planning and analytics. He sees Workday being positioned to sustain topline growth in the mid 20% range for the next several years, Senk added in his initiation note.
08/19/19
COWN
08/19/19
NO CHANGE
Target $160
COWN
Outperform
Cowen cautious on software group, favors Splunk
Cowen analyst J. Derrick Wood said he is cautious on the software group at the margin with regards to macro risks emerging but he remains bullish on Splunk heading into Q2 earnings. The analyst said channel checks have been bullish on the demand environment and he thinks the strength in its enterprise business should more than offset a softer government quarter off of a tough comp. He views guidance as conservative and sees a good degree of upside. Wood reiterated his Outperform rating and $160 price target on Splunk shares.
08/21/19
MZHO
08/21/19
INITIATION
Target $225
MZHO
Buy
Workday initiated with a Buy at Mizuho
Mizuho analyst Siti Panigrahi initiated Workday with a Buy rating and $225 price target.
CRM Salesforce
$147.40

1.85 (1.27%)

08/20/19
WEDB
08/20/19
NO CHANGE
Target $184
WEDB
Outperform
Salesforce price target lowered to $184 from $192 at Wedbush
Wedbush analyst Steve Koenig lowered his price target for Salesforce to $184 from $192, while reiterating an Outperform rating on the stock. The analyst acknowledges that macroeconomic concerns, currency headwinds, and some skepticism about the Tableau acquisition have pressured the shares over the last 30 days, but he expects some relief from the upcoming Q2 results, despite additional FX headwinds. Although Salesforce's sales automation in the U.S. enterprise market is fairly saturated, Koenig's checks see "good opportunity for growth" in international markets and verticals, with the company attacking the latter opportunity by building vertical-specific sales teams across Salesforce's various cloud units. Well-placed industry contacts were relatively positive on the Tableau acquisition, seeing it as a strategic move with good revenue synergy as Salesforce makes the product much more ubiquitous, he adds.
08/20/19
STFL
08/20/19
NO CHANGE
Target $185
STFL
Buy
Salesforce sets up for great 'catch-up trade,' says Stifel
Stifel analyst Tom Roderick said consensus opinion from shareholders on Salesforce's deal to buy Tableau has been "one of concern and criticism," but he believes that the business remains healthy and his feedback on Tableau from checks has been very positive. He thinks Salesforce reporting in-line results in Q2 against low expectations will set up the stock for a great "catch-up trade" ahead of its Dreamforce event and the seasonally strong second half. Ahead of the company's report, due after the close on August 22, Roderick keeps a Buy rating and $185 price target on Salesforce shares.
08/20/19
BMOC
08/20/19
NO CHANGE
Target $185
BMOC
Outperform
Salesforce stock 'very attractively valued', says BMO Capital
BMO Capital analyst Keith Bachman kept his Outperform rating and $185 price target on Salesforce, also updating his model to reflect the company's Tableau acquisition and lowering its FY20 and FY21 EPS estimates by 9c and 16c to $2.79 and $3.22 respectively. The analyst believes the company had a "solid" July and that the stock is "very attractively valued" in the high-growth software space, but also notes that its "aggressive" M&A strategy has continued to push out the expansion of its margins while negatively impacting its year-to-date performance.

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CBSH

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WMS

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Prudential

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XLF

Financial Select Sector

$28.26

-0.24 (-0.84%)

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UMBF

UMB Financial

$66.71

-0.25 (-0.37%)

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CL

Colgate-Palmolive

$69.11

-1.57 (-2.22%)

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CHD

Church & Dwight

$71.77

-0.25 (-0.35%)

12:53
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ED

Consolidated Edison

$89.88

0.05 (0.06%)

12:51
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IBOC

International Bancshares

$39.74

0.165 (0.42%)

12:50
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COMM

CommScope

$13.11

1.02 (8.44%)

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OMVKY

OMV AG

$0.00

(0.00%)

12:41
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NFLX

Netflix

$291.23

-2.77 (-0.94%)

, SNE

Sony

$59.78

-0.59 (-0.98%)

12:40
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SNE

Sony

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WPX

WPX Energy

$12.10

1.12 (10.20%)

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E

Eni SpA

$31.43

0.42 (1.35%)

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BBBY

Bed Bath & Beyond

$10.40

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GS

Goldman Sachs

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BA

Boeing

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LMT

Lockheed Martin

$390.15

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CRC

California Resources

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ICAD

iCAD

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CNHI

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CHE

Chemed

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$NSD

NASDAQ Market Internals

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$NYE

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