Accolade upgrade, Spotify downgrade among today's top calls on Wall Street » 09:5801/1501/15/21
ACCD, DDD, TSLA, AAXN, SPOT, ROKU, NFLX, SIRI
Check out today's top…
Crowdstrike price target raised to $275 from $176 at UBS » 08:3201/1501/15/21
UBS analyst Fatima…
UBS analyst Fatima Boolani raised the firm's price target on Crowdstrike to $275 from $176 and keeps a Buy rating on the shares. The analyst notes that her recent checks, particularly following the SUNBURST hack that has affected 18K organizations, puts the company in "pole position" for mind and wallet share gains across "both breach assessment and post-breach tool spend". Boolani adds that up to $900M in the pool of incident response spending is up for grabs, and Crowdstrike is only capturing about 7% of this "wallet".
Tesla price target raised to $950 from $715 at Wedbush » 08:1901/1501/15/21
Wedbush analyst Daniel…
Wedbush analyst Daniel Ives raised the firm's price target on Tesla to $950 from $715 and keeps a Neutral rating on the shares. Ives significantly raised his forecast in the Wedbush Tesla Delivery Model with expectations that Tesla now exceeds the 1 million delivery threshold in 2022 and could start to approach 5 million deliveries annually by the end of the decade if global EV demand continues at this pace. Ives believes overall that EVs, which make up 3% of global auto sales today, could reach 5% by the end of 2021 and 10% by 2025. He feels that the China growth story is worth at least $100 per share in a bull case to Tesla.
Snowflake price target raised to $310 from $265 at Credit Suisse » 06:5001/1501/15/21
Credit Suisse analyst…
Credit Suisse analyst Brad Zelnick raised the firm's price target on Snowflake to $310 from $265 and keeps a Neutral rating on the shares. The analyst views Snowflake as a true pioneer in cloud-native data analytics and believes the company will play an increasingly important role across the entire data value chain.
Elastic upgraded to Buy after licensing changes at Stifel » 06:4801/1501/15/21
As previously reported,…
As previously reported, Stifel analyst Brad Reback upgraded Elastic (ESTC) to Buy from Hold with a price target of $180, up from $145. After the company announced a change in its open-source licensing model, Reback argued that the decision, which he calls "very similar" to MongoDB's (MDB) licensing change a few years back, should help Elastic to better protect its intellectual property and remove a persistent overhang on the stock the last several years, he tells investors. In addition, management's increasing focus on its consumption based SaaS solution and the ongoing expansion of Elastic's product portfolio beyond Search into Observeability and Security should help expand the stock's multiple, Reback argues.
Tesla director sells 10K shares of common stock » 20:0501/1401/14/21
In a regulatory filing,…
In a regulatory filing, Tesla disclosed that its President of Automotive, Jerome Guillen, sold 10K shares of common stock on January 11th in a total transaction size of $8.34M, reducing his stake by about 17%.
Elastic upgraded to Buy from Hold at Stifel » 18:0001/1401/14/21
Stifel analyst Brad…
Stifel analyst Brad Reback upgraded Elastic to Buy from Hold with a price target of $180, up from $145.
Snowflake announces partnership with Saturn Cloud for '100x faster' data science » 11:1401/1401/14/21
Snowflake Computing and…
Snowflake Computing and Saturn Cloud have announced a strategic alliance and integration of products to "usher in the highest-speed tooling for data science and machine learning teams." The companies said: "Joint customers of the companies choose the solution because of the ease-of-use of Python and to achieve 100x faster performance over serial Python and Apache Spark. Recently, Saturn Cloud published a random forest benchmark that achieved 2000x faster runtime over traditional tooling. Since launching in 2020, Saturn Cloud has seen over 200,000 hours of compute."
Five Below price target raised to $215 from $180 at Guggenheim » 10:5001/1401/14/21
Guggenheim analyst John…
Guggenheim analyst John Heinbockel raised the firm's price target on Five Below to $215 from $180 and keeps a Buy rating on the shares after the company provided a better than expected holiday season update ahead of its presentation at the ICR retail conference.
Alteryx announces partnership with Snowflake » 09:0301/1401/14/21
Alteryx (AYX) announced a…
Alteryx (AYX) announced a partnership with Snowflake (SNOW) that further integrates Alteryx analytics automation and data science capabilities with Snowflake's platform. The combination provides customers with automated data pipelining, faster data processing and speeds analytics outcomes at scale. Alteryx and Snowflake are used by customers globally with increasing demand. This integrated offering allows Alteryx's market-leading data prep, analytics and no-code, low-code data science capabilities to leverage Snowflake's compute, elastic scaling and secure data sharing capabilities. Additionally, the new offering is supported with a 30-day free trial that enables a single, seamless user experience that automates connectivity to Snowflake and executes Alteryx's automated data transformation capabilities and more within Snowflake. As part of this announcement, Alteryx is now recognized as a Premier Partner within the Snowflake Partner Program and Snowflake is recognized as an Alteryx Featured Select Partner.