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Recommendations
Model N price target lowered to $38 from $45 at Craig-Hallum » 09:06
05/10/23
05/10
09:06
05/10/23
09:06
MODN

Model N

$30.06 /

-0.33 (-1.09%)

Craig-Hallum analyst Chad…

Craig-Hallum analyst Chad Bennett lowered the firm's price target on Model N to $38 from $45 and keeps a Buy rating on the shares. The firm notes Model N posted Q2 top to bottom results that exceeded the top-end of guidance and incremented full-year guidance higher. Craig-Hallum believes that guidance remains conservative and expects continued outperformance throughout the year as it has been accustomed to with Model N.

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

05/10/23 Baird
Model N price target lowered to $40 from $45 at Baird
05/10/23 JMP Securities
Model N price target lowered to $44 from $48 at JMP Securities
04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Recommendations
Model N price target lowered to $40 from $45 at Baird » 07:16
05/10/23
05/10
07:16
05/10/23
07:16
MODN

Model N

$30.06 /

-0.33 (-1.09%)

Baird analyst Joe Vruwink…

Baird analyst Joe Vruwink lowered the firm's price target on Model N to $40 from $45 and keeps an Outperform rating on the shares. The analyst said 2023 guidance moved higher and drivers of performance included 40% YoY growth in SaaS revenues and professional services running at higher utilization.

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

05/10/23 JMP Securities
Model N price target lowered to $44 from $48 at JMP Securities
04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Recommendations
Model N price target lowered to $44 from $48 at JMP Securities » 06:34
05/10/23
05/10
06:34
05/10/23
06:34
MODN

Model N

$30.06 /

-0.33 (-1.09%)

JMP Securities analyst…

JMP Securities analyst Joe Goodwin lowered the firm's price target on Model N to $44 from $48 and keeps an Outperform rating on the shares. Model N reported better than expected Q2 results, including adjusted EPS and revenue that beat consensus estimates, though guidance for Q3 was mixed, the analyst tells investors in a research note. The firm continues to like Model N, as the company continues to execute well, evidenced by another quarter of accelerating SaaS ARR growth.

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Earnings
Model N sees FY23 EPS 94c-99c, consensus 93c » 16:50
05/09/23
05/09
16:50
05/09/23
16:50
MODN

Model N

$30.06 /

-0.33 (-1.09%)

Sees FY23 revenue…

Sees FY23 revenue $244M-$246M, consensus $244.4M

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Earnings
Model N sees Q3 EPS 23c-25c, consensus 26c » 16:49
05/09/23
05/09
16:49
05/09/23
16:49
MODN

Model N

$30.06 /

-0.33 (-1.09%)

Sees Q3 revenue…

Sees Q3 revenue $61.5M-$62.5M, consensus $61.7M

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Earnings
Model N reports Q2 EPS 22c, consensus 17c » 16:49
05/09/23
05/09
16:49
05/09/23
16:49
MODN

Model N

$30.06 /

-0.33 (-1.09%)

Reports Q2 revenue…

Reports Q2 revenue $62.6M, consensus $59.7M. "Our second quarter results beat expectations across the board - we exceeded guidance for total revenue, subscription revenue, and professional services revenue. Q2 also underscores our commitment to driving profitable growth, with adjusted EBITDA growth of 39% year-over-year," said Jason Blessing, CEO. "Overperformance in Q2 was driven by a healthy contribution from all areas of the business. We signed new deals, closed a meaningful new SaaS transition, saw numerous customer base expansions, and we also enjoyed solid renewals. I'm pleased with our continued execution in this environment. We remain focused on driving profitability looking ahead."

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MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
MODN Model N
$30.06 /

-0.33 (-1.09%)

MODN Model N
$30.06 /

-0.33 (-1.09%)

Over a month ago
On The Fly
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 10:06
04/27/23
04/27
10:06
04/27/23
10:06
ELV

Elevance Health

$462.99 /

+10.59 (+2.34%)

, TWOU

2U

$5.57 /

+0.47 (+9.22%)

, AIN

Albany International

$90.36 /

+3.87 (+4.47%)

, FSV

FirstService

$146.53 /

+1.565 (+1.08%)

, SLGN

Silgan Holdings

$48.60 /

+0.08 (+0.16%)

, WOLF

Wolfspeed

$49.11 /

-8.32 (-14.49%)

, AZPN

Aspen Technology

$162.97 /

-68.2 (-29.50%)

, ASGN

ASGN

$66.40 /

-8.015 (-10.77%)

, EA

Electronic Arts

$124.60 /

-0.54 (-0.43%)

, MSFT

Microsoft

$299.45 /

+4.11 (+1.39%)

, ATVI

Activision Blizzard

$77.38 /

+0.56 (+0.73%)

, CTAS

Cintas

$444.10 /

+5.15 (+1.17%)

, PSNY

Polestar Automotive

$3.48 /

+0.08 (+2.36%)

, MODN

Model N

$32.12 /

-0.025 (-0.08%)

, EEX

Emerald Holding

$3.66 /

+0.1 (+2.81%)

, OCDGF

Ocado Group

$6.54 /

+0.07 (+1.08%)

The most talked about and…

ShowHide Related Items >><<
WOLF Wolfspeed
$49.11 /

-8.32 (-14.49%)

SLGN Silgan Holdings
$48.60 /

+0.08 (+0.16%)

PSNY Polestar Automotive
$3.48 /

+0.08 (+2.36%)

MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

MODN Model N
$32.12 /

-0.025 (-0.08%)

FSV FirstService
$146.53 /

+1.565 (+1.08%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

EEX Emerald Holding
$3.66 /

+0.1 (+2.81%)

EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

CTAS Cintas
$444.10 /

+5.15 (+1.17%)

AZPN Aspen Technology
$162.97 /

-68.2 (-29.50%)

ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

ASGN ASGN
$66.40 /

-8.015 (-10.77%)

AIN Albany International
$90.36 /

+3.87 (+4.47%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

04/27/23 Morgan Stanley
Elevance Health upgraded to Overweight from Equal Weight at Morgan Stanley
04/24/23 Wells Fargo
Elevance Health price target lowered to $561 from $597 at Wells Fargo
04/21/23 Loop Capital
Elevance Health price target lowered to $550 from $565 at Loop Capital
04/20/23 Cantor Fitzgerald
Elevance Health initiated with an Overweight at Cantor Fitzgerald
TWOU 2U
$5.57 /

+0.47 (+9.22%)

04/27/23 Piper Sandler
2U price target lowered to $6 from $10 at Piper Sandler
04/27/23 Cantor Fitzgerald
Cantor upgrades 2U on attractive risk/reward after selloff
04/27/23 Cantor Fitzgerald
2U upgraded to Overweight from Neutral at Cantor Fitzgerald
03/31/23 Morgan Stanley
Udemy price target lowered to $14 from $15 at Morgan Stanley
AIN Albany International
$90.36 /

+3.87 (+4.47%)

04/27/23 Truist
Albany International upgraded to Buy at Truist on valuation
04/27/23 Truist
Albany International upgraded to Buy from Hold at Truist
01/09/23 Truist
Albany International price target raised to $85 from $80 at Truist
10/26/22 Baird
Albany International price target raised to $101 from $95 at Baird
FSV FirstService
$146.53 /

+1.565 (+1.08%)

04/27/23 Deutsche Bank
FirstService price target raised to $145 from $143 at Deutsche Bank
04/27/23 TD Securities
FirstService upgraded to Buy from Hold at TD Securities
04/19/23 RBC Capital
FirstService initiated with an Outperform at RBC Capital
09/27/22 Scotiabank
FirstService assumed at Outperform from Sector Perform at Scotiabank
SLGN Silgan Holdings
$48.60 /

+0.08 (+0.16%)

04/27/23 Raymond James
Silgan Holdings price target lowered to $55 from $60 at Raymond James
04/27/23 Citi
Silgan Holdings upgraded to Buy from Neutral at Citi
04/20/23 BofA
Silgan Holdings price target raised to $64 from $60 at BofA
01/26/23 Baird
Silgan Holdings price target raised to $53 from $50 at Baird
WOLF Wolfspeed
$49.11 /

-8.32 (-14.49%)

04/27/23 Wells Fargo
Wolfspeed price target lowered to $80 from $110 at Wells Fargo
04/27/23 Piper Sandler
Wolfspeed price target lowered to $75 from $100 at Piper Sandler
04/27/23 Roth MKM
Wolfspeed price target lowered to $71 from $95 at Roth MKM
04/27/23 Canaccord
Wolfspeed price target lowered to $72 from $103 at Canaccord
AZPN Aspen Technology
$162.97 /

-68.2 (-29.50%)

04/27/23 Loop Capital
Aspen Technology price target lowered to $240 from $270 at Loop Capital
04/27/23 William Blair
William Blair downgrades Aspen Technology on chemical softness
04/27/23 William Blair
Aspen Technology downgraded to Market Perform from Outperform at William Blair
04/18/23 KeyBanc
Aspen Technology price target raised to $260 from $244 at KeyBanc
ASGN ASGN
$66.40 /

-8.015 (-10.77%)

04/27/23 Truist
ASGN price target lowered to $102 from $110 at Truist
04/27/23 BofA
ASGN double downgraded to Underperform at BofA
02/09/23 Baird
ASGN price target lowered to $103 from $108 at Baird
EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

04/27/23 Barclays
Barclays ups Activision target, sees 'strong buying opportunity'
04/27/23 BMO Capital
Electronic Arts downgraded to Market Perform from Outperform at BMO Capital
04/26/23 Oppenheimer
Oppenheimer sees Activision standalone value in mid-$80s per share
04/13/23 Barclays
Electronic Arts price target raised to $124 from $118 at Barclays
MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

04/27/23 BMO Capital
Activision Blizzard price target raised to $100 from $95 at BMO Capital
04/27/23 Deutsche Bank
Deutsche drops chances of Activision takeover by Microsoft to 10%
04/27/23 Stifel
ServiceNow price target raised to $525 from $495 at Stifel
04/27/23 Citi
Citi drops probability of Activision takeover closing to 20%
ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

04/27/23 Baird
Activision Blizzard price target lowered to $90 from $95 at Baird
CTAS Cintas
$444.10 /

+5.15 (+1.17%)

04/27/23 Citi
Cintas initiated with a Buy at Citi
04/04/23 Stifel
Aramark price target lowered to $42 from $45 at Stifel
03/31/23 Jefferies
Cintas downgraded to Hold from Buy at Jefferies
03/30/23 BofA
Cintas price target raised to $523 from $513 at BofA
PSNY Polestar Automotive
$3.48 /

+0.08 (+2.36%)

04/27/23 Cantor Fitzgerald
Polestar Automotive initiated with an Overweight at Cantor Fitzgerald
04/27/23 Cantor Fitzgerald
Polestar Automotive initiated with an Overweight at Cantor Fitzgerald
04/12/23 Fox Advisors
Polestar Automotive initiated with an Outperform at Fox Advisors
03/06/23 Deutsche Bank
Polestar price target lowered to EUR 7 from EUR 9 at Deutsche Bank
MODN Model N
$32.12 /

-0.025 (-0.08%)

04/27/23 RBC Capital
Model N initiated with a Sector Perform at RBC Capital
03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
EEX Emerald Holding
$3.66 /

+0.1 (+2.81%)

04/27/23 Maxim
Emerald Holding initiated with a Buy at Maxim
OCDGF Ocado Group
$6.54 /

+0.07 (+1.08%)

04/27/23 Deutsche Bank
Ocado Group initiated with a Hold at Deutsche Bank
04/11/23 Goldman Sachs
Ocado Group initiated with a Neutral at Goldman Sachs
01/26/23 RBC Capital
Ocado Group downgraded to Underperform from Sector Perform at RBC Capital
12/02/22 JPMorgan
Ocado Group price target raised to 550 GBp from 500 GBp at JPMorgan
WOLF Wolfspeed
$49.11 /

-8.32 (-14.49%)

TWOU 2U
$5.57 /

+0.47 (+9.22%)

SLGN Silgan Holdings
$48.60 /

+0.08 (+0.16%)

MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

MODN Model N
$32.12 /

-0.025 (-0.08%)

FSV FirstService
$146.53 /

+1.565 (+1.08%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

CTAS Cintas
$444.10 /

+5.15 (+1.17%)

AZPN Aspen Technology
$162.97 /

-68.2 (-29.50%)

ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

ASGN ASGN
$66.40 /

-8.015 (-10.77%)

AIN Albany International
$90.36 /

+3.87 (+4.47%)

PSNY Polestar Automotive
$3.48 /

+0.08 (+2.36%)

MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

WOLF Wolfspeed
$49.11 /

-8.32 (-14.49%)

TWOU 2U
$5.57 /

+0.47 (+9.22%)

PSNY Polestar Automotive
$3.48 /

+0.08 (+2.36%)

MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

MODN Model N
$32.12 /

-0.025 (-0.08%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

CTAS Cintas
$444.10 /

+5.15 (+1.17%)

AZPN Aspen Technology
$162.97 /

-68.2 (-29.50%)

ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

AIN Albany International
$90.36 /

+3.87 (+4.47%)

WOLF Wolfspeed
$49.11 /

-8.32 (-14.49%)

PSNY Polestar Automotive
$3.48 /

+0.08 (+2.36%)

MSFT Microsoft
$299.45 /

+4.11 (+1.39%)

ELV Elevance Health
$462.99 /

+10.59 (+2.34%)

EA Electronic Arts
$124.60 /

-0.54 (-0.43%)

CTAS Cintas
$444.10 /

+5.15 (+1.17%)

ATVI Activision Blizzard
$77.38 /

+0.56 (+0.73%)

Initiation
Model N initiated with a Sector Perform at RBC Capital » 06:17
04/27/23
04/27
06:17
04/27/23
06:17
MODN

Model N

$32.15 /

-1.085 (-3.27%)

RBC Capital analyst Rishi…

RBC Capital analyst Rishi Jaluria initiated coverage of Model N with a Sector Perform rating and $35 price target. The analyst likes Model N's market leadership position, successful cloud transition, and blue chip customer base, but views the shares as fully valued at current levels. Model N is the leading provider of revenue management solutions within its two target verticals, as 28 of the top 30 life sciences companies and 14 of the top 20 semiconductor companies use Model N today, the analyst tells investors in a research note.

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MODN Model N
$32.15 /

-1.085 (-3.27%)

MODN Model N
$32.15 /

-1.085 (-3.27%)

03/27/23 Morgan Stanley
Model N initiated with an Overweight at Morgan Stanley
02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
11/09/22 Needham
Model N price target raised to $42 from $34 at Needham
MODN Model N
$32.15 /

-1.085 (-3.27%)

MODN Model N
$32.15 /

-1.085 (-3.27%)

Initiation
Model N initiated with an Overweight at Morgan Stanley » 05:00
03/27/23
03/27
05:00
03/27/23
05:00
MODN

Model N

$31.94 /

-0.145 (-0.45%)

Morgan Stanley analyst…

Morgan Stanley analyst Craig Hettenbach initiated coverage of Model N with an Overweight rating and $43 price target. The "stage is set for the next wave of growth" at Model N, as the company is on the cusp of completing a multi-year business model transition, the analyst tells investors in a research note. The firm is positive on Model N's leadership position and 85% exposure to the "secular growth" of life sciences and emphasizes the company's "best in class profitability" relative to peers.

ShowHide Related Items >><<
MODN Model N
$31.94 /

-0.145 (-0.45%)

MODN Model N
$31.94 /

-0.145 (-0.45%)

02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
11/09/22 Needham
Model N price target raised to $42 from $34 at Needham
11/09/22 Truist
Model N price target raised to $45 from $35 at Truist
MODN Model N
$31.94 /

-0.145 (-0.45%)

MODN Model N
$31.94 /

-0.145 (-0.45%)

Syndicate
Model N files to sell $220M of Convertible Senior Notes due 2028  16:53
03/07/23
03/07
16:53
03/07/23
16:53
MODN

Model N

$33.66 /

-0.075 (-0.22%)

 
ShowHide Related Items >><<
MODN Model N
$33.66 /

-0.075 (-0.22%)

MODN Model N
$33.66 /

-0.075 (-0.22%)

02/08/23 BTIG
Model N price target raised to $48 from $42 at BTIG
02/08/23 Truist
Model N price target raised to $52 from $45 at Truist
11/09/22 Needham
Model N price target raised to $42 from $34 at Needham
11/09/22 Truist
Model N price target raised to $45 from $35 at Truist
MODN Model N
$33.66 /

-0.075 (-0.22%)

MODN Model N
$33.66 /

-0.075 (-0.22%)

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