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WORK

Slack Technologies

$25.68

-0.36 (-1.38%)

, MSFT

Microsoft

$135.67

-1.42 (-1.04%)

08:23
10/09/19
10/09
08:23
10/09/19
08:23

Slack Technologies price target lowered to $26 from $31 at DA Davidson

DA Davidson analyst Rishi Jaluria lowered his price target on Slack Technologies (WORK) to $26 and kept his Neutral rating on the shares after holding talks with its VP of Investor Relations Jesse Hulsing. The analyst notes that the company is in the "encouraging" early stages of adoption phase by companies outside of its core verticals and sees the pace of its overall platform adoption as solid, but also warns that "competitive intensity" from Microsoft (MSFT) on the marketing side is tightening. Overall, Jaluria remains positive on Slack's growth runway, but sees its stock as "fairly valued".

WORK

Slack Technologies

$25.68

-0.36 (-1.38%)

MSFT

Microsoft

$135.67

-1.42 (-1.04%)

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WORK Slack Technologies
$25.68

-0.36 (-1.38%)

09/05/19
MKMP
09/05/19
NO CHANGE
Target $38
MKMP
Buy
Slack Technologies price target lowered to $38 from $40 at MKM Partners
MKM Partners analyst Rohit Kulkani lowered his price target on Slack Technologies to $38 after its first results as a public company came in "cleanly above" the Street expectations, as its revenue beat was reduced by the one-time $8.2M of credits related to service disruptions. The analyst says he is willing to give the company a pass, keeping his Buy rating on the stock and citing the management's earnings call commentary that Slack has maintained an industry-leading 99.99% availability for its platform.
09/12/19
MZHO
09/12/19
INITIATION
Target $26
MZHO
Neutral
Slack Technologies initiated with a Neutral at Mizuho
Mizuho analyst Gregg Moskowitz initiated Slack Technologies (WORK) with a Neutral rating and $26 price target. While he views the company's communications and collaboration platform as "best-in-class," Moskowitz said the competitive pressures it faces are "difficult to ignore." He thinks Microsoft's (MSFT) competing Teams service significantly reduces Slack's pricing power, the analyst said in his initiation note.
09/13/19
09/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Denali Therapeutics (DNLI) initiated with a Buy at Nomura Instinet. 2. Curaleaf Holdings (CURLF) initiated with an Outperform at Cowen. 3. Green Thumb Industries (GTBIF) initiated with an Outperform at Cowen. 4. MedMen (MMNFF) initiated with an Underperform at Cowen. 5. Slack Technologies (WORK) initiated with a Neutral at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/19
RBCM
09/26/19
INITIATION
Target $30
RBCM
Outperform
Dropbox assumed with an Outperform at RBC Capital
RBC Capital analyst Alex Zukin assumed Dropbox (DBX) with an Outperform rating and a lowered price target to $30 from $32. The analyst notes that the stock offers a "compelling" risk-reward thanks to the company's "durable growth" and strong cash flow as the company has transformed from consumer storage to enterprise data collaboration. Zukin adds that the recent launch of a new desktop application by Dropbox, along with its partnerships with Zoom (ZOOM) and Slack (WORK), he sees the company as "well-positioned" to address the business process fragmentation needs of modern collaboration.
MSFT Microsoft
$135.67

-1.42 (-1.04%)

10/07/19
JEFF
10/07/19
UPGRADE
JEFF
Buy
Microsoft upgraded to Buy from Hold at Jefferies
10/07/19
10/07/19
UPGRADE

Buy
Microsoft upgraded to Buy from Hold at Jefferies
As previously reported, Jefferies analyst Brent Thill upgraded Microsoft to Buy from Hold, and raised his price target on shares to $160 from $93. Thill said he sees "excellent visibility" with a "clear line of sight into double digit revenue growth for the near future" in the "safest large-cap investment option." The analyst noted other reasons to like the stock, including multiple growth drivers including Azure, Office, and LinkedIn; favorable secular trends; profitability and free cash flow; and the company's continued return of capital to shareholders.
10/08/19
10/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Microsoft (MSFT) upgraded to Buy from Hold at Jefferies with analyst Brent Thill saying he sees "excellent visibility" with a "clear line of sight into double digit revenue growth for the near future" in the "safest large-cap investment option." 2. ServiceMaster (SERV) upgraded to Outperform from Sector Perform at RBC Capital with analyst Seth Weber citing the findings of his RBC Pest Survey, which showed growing customer satisfaction with Terminix product and which he believes should result in higher customer retention rate. 3. NextEra Energy Partners (NEP) upgraded to Overweight from Equal Weight at Barclays with analyst Moses Sutton saying NextEra Energy's underperformance relative to TerraForm Power (TERP) "has become a compelling opportunity." 4. Nordic American Tankers (NAT) upgraded to Buy from Neutral at BTIG with analyst Gregory Lewis saying tanker rates had undergone a "nuclear winter" over the past 2 years but crude spot rates have finally started to show "tangible" signs of recovery, with Suezmax prices rising to over $70k/d presently from $30k/d last month and $16k/d from 2017 through the first half of 2019. 5. HCP (HCP) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).

TODAY'S FREE FLY STORIES

ACB

Aurora Cannabis

$3.68

-0.045 (-1.21%)

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$0.00

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Largest borrow rate increases among liquid names »

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NFLX

Netflix

$282.89

2.47 (0.88%)

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AKTX

Akari Therapeutics

$1.81

-0.03 (-1.63%)

08:42
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Akari Therapeutics announces new data from ongoing Phase I/II AKC trial »

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PE

Parsley Energy

$16.98

0.52 (3.16%)

, JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

08:41
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Hot Stocks
Parsley Energy sees Jagged Peak Energy deal immediately accretive on key metrics »

Key Transaction…

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Parsley Energy

$16.98

0.52 (3.16%)

JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

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NVST

Envista

$27.87

-1.2 (-4.13%)

08:40
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Initiation
Envista initiated  »

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NVST

Envista

$27.87

-1.2 (-4.13%)

, DHR

Danaher

$138.78

0.1 (0.07%)

08:38
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08:38
Initiation
Envista, Danaher initiated  »

Envista initiated with an…

NVST

Envista

$27.87

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DHR

Danaher

$138.78

0.1 (0.07%)

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KALV

KalVista

$11.00

0.27 (2.52%)

, RGNX

Regenxbio

$39.53

0.65 (1.67%)

08:37
10/14/19
10/14
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10/14/19
08:37
Recommendations
KalVista, Regenxbio, Kala Pharmaceuticals, Kodiak Sciences, Regeneron, Aerie Pharmaceuticals, Applied Genetic, Aldeyra, Adverum Biotechnologies, Clearside Biomedical, Ocugen analyst commentary  »

Ophthalmic therapies…

KALV

KalVista

$11.00

0.27 (2.52%)

RGNX

Regenxbio

$39.53

0.65 (1.67%)

KALA

Kala Pharmaceuticals

$3.45

-0.15 (-4.17%)

KOD

Kodiak Sciences

$18.24

1.34 (7.93%)

REGN

Regeneron

$301.02

2.56 (0.86%)

AERI

Aerie Pharmaceuticals

$20.15

2.45 (13.84%)

AGTC

Applied Genetic

$3.10

-0.08 (-2.52%)

ALDX

Aldeyra

$5.16

-0.09 (-1.71%)

ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

CLSD

Clearside Biomedical

$0.76

0.0326 (4.47%)

OCGN

Ocugen

$1.51

-0.07 (-4.43%)

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PE

Parsley Energy

$16.98

0.52 (3.16%)

, JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

08:37
10/14/19
10/14
08:37
10/14/19
08:37
Hot Stocks
Parsley Energy, Jagged Peak Energy boards 'unanimously' approve merger »

The boards of directors…

PE

Parsley Energy

$16.98

0.52 (3.16%)

JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

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HPE

HP Enterprise

$14.35

0.24 (1.70%)

08:36
10/14/19
10/14
08:36
10/14/19
08:36
Upgrade
HP Enterprise rating change  »

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GNUS

Genius Brands

$0.77

0.0025 (0.33%)

, BABA

Alibaba

$172.97

6.925 (4.17%)

08:35
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Hot Stocks
Genius Brands, Alibaba partner to co-produce animated children's series »

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GNUS

Genius Brands

$0.77

0.0025 (0.33%)

BABA

Alibaba

$172.97

6.925 (4.17%)

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PE

Parsley Energy

$16.98

0.52 (3.16%)

, JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

08:35
10/14/19
10/14
08:35
10/14/19
08:35
Hot Stocks
Parsley Energy sees FY20 CapEx $1.6B-$1.9B »

Parsley (PE) remains…

PE

Parsley Energy

$16.98

0.52 (3.16%)

JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

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CUB

Cubic

$68.86

0.58 (0.85%)

, SAIC

SAIC

$84.56

1.05 (1.26%)

08:35
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Hot Stocks
Cubic appoints Hilary Hageman as general counsel »

Cubic (CUB) announced the…

CUB

Cubic

$68.86

0.58 (0.85%)

SAIC

SAIC

$84.56

1.05 (1.26%)

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BLPH

Bellerophon

$0.45

-0.0104 (-2.26%)

08:33
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Hot Stocks
Bellerophon to present new data from Cohort 1 of Phase 2/3 study of INOpulse »

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PE

Parsley Energy

$16.98

0.52 (3.16%)

08:33
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08:33
Hot Stocks
Parsley Energy sees Q3 net oil production 91.2-91.7 MBo per day »

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AXAS

Abraxas Petroleum

$0.37

0.0069 (1.89%)

08:33
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08:33
Earnings
Abraxas Petroleum broadens engagement with Petrie Partners »

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PE

Parsley Energy

$16.98

0.52 (3.16%)

08:32
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08:32
Hot Stocks
Parsley Energy to acquire Jagged Peak Energy in $2.27B all-stock transaction »

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RARE

Ultragenyx

$42.77

1.08 (2.59%)

08:31
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Hot Stocks
Ultragenyx announces FDA acceptance of NDA for UX007 »

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ASML

ASML

$260.46

8.86 (3.52%)

08:31
10/14/19
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08:31
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08:31
Recommendations
ASML analyst commentary  »

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PE

Parsley Energy

$16.98

0.52 (3.16%)

, JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

08:30
10/14/19
10/14
08:30
10/14/19
08:30
Hot Stocks
Breaking Hot Stocks news story on Parsley Energy, Jagged Peak Energy »

Parsley Energy acquires…

PE

Parsley Energy

$16.98

0.52 (3.16%)

JAG

Jagged Peak Energy

$6.81

0.16 (2.41%)

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DRYS

DryShips

$5.25

(0.00%)

, NCI

Navigant Consulting

$28.00

(0.00%)

08:30
10/14/19
10/14
08:30
10/14/19
08:30
Options
Four option delistings on October 14th »

Option delistings…

DRYS

DryShips

$5.25

(0.00%)

NCI

Navigant Consulting

$28.00

(0.00%)

TYPE

Monotype Imaging

$19.85

(0.00%)

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OHI

Omega Healthcare

$42.40

0.15 (0.36%)

08:29
10/14/19
10/14
08:29
10/14/19
08:29
Initiation
Omega Healthcare initiated  »

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NFLX

Netflix

$282.89

2.47 (0.88%)

08:25
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10/14
08:25
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08:25
Recommendations
Netflix analyst commentary  »

Morgan Stanley stays…

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:24
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Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:24
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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:24
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Dow Jones Industrial Average: Pivot points »

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