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Initiation
Fly Intel: Top five analyst initiations » 09:52
07/12/21
07/12
09:52
07/12/21
09:52
WKME

WalkMe

$31.75 /

+0.96 (+3.12%)

, UPST

Upstart

$130.85 /

+10.8 (+9.00%)

, ALRM

Alarm.com

$86.56 /

-0.35 (-0.40%)

, AXNX

Axonics

$62.89 /

+ (+0.00%)

, CVX

Chevron

$103.79 /

-0.27 (-0.26%)

, XOM

Exxon Mobil

$60.56 /

-0.68 (-1.11%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. WalkMe (WKME) initiated with a Buy at Goldman Sachs, Citi and Needham, initiated with an Outperform at BMO Capital, initiated with an Outperform at JMP Securities, initiated with an Overweight at KeyBanc, Barclays, Wells Fargo and Morgan Stanley. 2. Upstart (UPST) initiated with a Buy at Goldman Sachs. 3. Alarm.com (ALRM) initiated with an Equal Weight at Barclays. 4. Axonics (AXNX) initiated with an Overweight at Barclays. 5. Chevron (CVX) initiated with an Outperform and Exxon Mobil (XOM) initiated with a Market Perform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

WKME WalkMe
$31.75 /

+0.96 (+3.12%)

UPST Upstart
$130.85 /

+10.8 (+9.00%)

CVX Chevron
$103.79 /

-0.27 (-0.26%)

AXNX Axonics
$62.89 /

+ (+0.00%)

ALRM Alarm.com
$86.56 /

-0.35 (-0.40%)

WKME WalkMe
$31.75 /

+0.96 (+3.12%)

07/12/21 Needham
WalkMe initiated with a Buy at Needham
07/12/21 Morgan Stanley
WalkMe initiated with an Overweight at Morgan Stanley
07/12/21 Wells Fargo
WalkMe initiated with an Overweight at Wells Fargo
07/12/21 Barclays
WalkMe initiated with an Overweight at Barclays
UPST Upstart
$130.85 /

+10.8 (+9.00%)

07/12/21 Goldman Sachs
Upstart initiated with a Buy at Goldman Sachs
05/12/21 JMP Securities
Upstart price target raised to $149 from $111 at JMP Securities
05/12/21 Piper Sandler
Upstart price target raised to $152 from $143 at Piper Sandler
04/27/21
Fly Intel: Top five analyst initiations
ALRM Alarm.com
$86.56 /

-0.35 (-0.40%)

07/12/21 Barclays
Alarm.com initiated with an Equal Weight at Barclays
04/08/21 Imperial Capital
Alarm.com price target raised to $105 from $100 at Imperial Capital
04/06/21 JPMorgan
Alarm.com initiated with a Neutral at JPMorgan
02/26/21 Maxim
Alarm.com price target raised to $120 from $79 at Maxim
AXNX Axonics
$62.89 /

+ (+0.00%)

07/12/21 Barclays
Axonics initiated with an Overweight at Barclays
05/07/21 Piper Sandler
Axonics price target raised to $75 from $70 at Piper Sandler
05/03/21 Piper Sandler
Axonics price target raised to $70 from $68 at Piper Sandler
03/24/21 Needham
Axonics price target raised to $71 from $66 at Needham
CVX Chevron
$103.79 /

-0.27 (-0.26%)

07/12/21 BMO Capital
Chevron initiated with an Outperform at BMO Capital
07/07/21 Mizuho
Chevron price target raised to $135 from $127 at Mizuho
07/01/21 Truist
Chevron price target raised to $144 from $130 at Truist
05/17/21 Mizuho
Chevron price target raised to $127 from $119 at Mizuho
XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

07/12/21 BMO Capital
Exxon Mobil initiated with a Market Perform at BMO Capital
06/30/21 Wells Fargo
Exxon Mobil price target raised to $72 from $67 at Wells Fargo
06/30/21 Citi
Exxon Mobil price target raised to $62 from $56 at Citi
06/16/21 Oppenheimer
MSCI price target raised to $543 from $533 at Oppenheimer
XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

UPST Upstart
$130.85 /

+10.8 (+9.00%)

CVX Chevron
$103.79 /

-0.27 (-0.26%)

AXNX Axonics
$62.89 /

+ (+0.00%)

ALRM Alarm.com
$86.56 /

-0.35 (-0.40%)

  • 16
    Jun
  • 16
    Jun
  • 12
    May
  • 09
    Apr
  • 16
    Dec
XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

CVX Chevron
$103.79 /

-0.27 (-0.26%)

XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

WKME WalkMe
$31.75 /

+0.96 (+3.12%)

UPST Upstart
$130.85 /

+10.8 (+9.00%)

CVX Chevron
$103.79 /

-0.27 (-0.26%)

ALRM Alarm.com
$86.56 /

-0.35 (-0.40%)

XOM Exxon Mobil
$60.56 /

-0.68 (-1.11%)

UPST Upstart
$130.85 /

+10.8 (+9.00%)

CVX Chevron
$103.79 /

-0.27 (-0.26%)

Initiation
WalkMe initiated with a Buy at Needham » 07:40
07/12/21
07/12
07:40
07/12/21
07:40
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Needham analyst Scott…

Needham analyst Scott Berg initiated coverage of WalkMe with a Buy rating and $40 price target. The company is the early leader in the nascent digital adoption platform space, which should develop into a "massive" end market over time, Berg tells investors in a research note. The analyst believes tools like WalkMe "solve one of the most critical corporate challenges of the 21st century:" how to drive better adoption and productivity of the ever-increasing number of software solutions employees are asked to use for their jobs.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 Morgan Stanley
WalkMe initiated with an Overweight at Morgan Stanley
07/12/21 Wells Fargo
WalkMe initiated with an Overweight at Wells Fargo
07/12/21 Barclays
WalkMe initiated with an Overweight at Barclays
07/12/21 KeyBanc
WalkMe initiated with an Overweight at KeyBanc
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Overweight at Morgan Stanley » 06:34
07/12/21
07/12
06:34
07/12/21
06:34
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Morgan Stanley analyst…

Morgan Stanley analyst Josh Baer initiated coverage of WalkMe with an Overweight rating and $41 price target. He thinks the value of WalkMe's differentiated capabilities are underappreciated and expects WalkMe will be able to maintain its leading position as its intuitive, guided experiences can optimize users' interactions with software, Baer tells investors. Increasing sales capacity, focusing on partnership and building out a WalkMe ecosystem, moving up-market and expanding internationally can all drive accelerating Annual Recurring Revenue growth for WalkMe, Baer contends.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 Wells Fargo
WalkMe initiated with an Overweight at Wells Fargo
07/12/21 Barclays
WalkMe initiated with an Overweight at Barclays
07/12/21 KeyBanc
WalkMe initiated with an Overweight at KeyBanc
07/12/21 Citi
WalkMe initiated with a Buy at Citi
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Overweight at Wells Fargo » 06:26
07/12/21
07/12
06:26
07/12/21
06:26
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Wells Fargo analyst…

Wells Fargo analyst Michael Turrin initiated coverage of WalkMe with an Overweight rating and $40 price target. The company is pioneering a new category of software known as the digital adoption platform, Turrin tells investors in a research note. The company saw "impressive" pre-pandemic growth and it poised for a rebound post a shift back into investment mode and a more favorable hybrid work environment to sell into, Turrin tells investors in a research note.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 Barclays
WalkMe initiated with an Overweight at Barclays
07/12/21 KeyBanc
WalkMe initiated with an Overweight at KeyBanc
07/12/21 Citi
WalkMe initiated with a Buy at Citi
07/12/21 JMP Securities
WalkMe initiated with an Outperform at JMP Securities
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Overweight at Barclays » 05:30
07/12/21
07/12
05:30
07/12/21
05:30
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Barclays analyst Raimo…

Barclays analyst Raimo Lenschow initiated coverage of WalkMe with an Overweight rating and $36 price target. WalkMe is the market leader in the emerging digital adoption platform market, Lenschow tells investors in a research note. The analyst sees the company accelerating annual recurring revenue growth from the mid-20% range in 2020 to the mid-30% range by 2022 as it builds its ecosystem and expands its sales coverage and channel partner network.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 KeyBanc
WalkMe initiated with an Overweight at KeyBanc
07/12/21 Citi
WalkMe initiated with a Buy at Citi
07/12/21 JMP Securities
WalkMe initiated with an Outperform at JMP Securities
07/12/21 BMO Capital
WalkMe initiated with an Outperform at BMO Capital
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Overweight at KeyBanc » 05:22
07/12/21
07/12
05:22
07/12/21
05:22
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

KeyBanc analyst Michael…

KeyBanc analyst Michael Turits initiated coverage of WalkMe with an Overweight rating and $42 price target, representing 36% upside. The analyst sees "strong demand drivers" for WalkMe as a high return on investment solution to the problem of increasing software complexity spurred by digital transformation. He sees a "large greenfield opportunity" and adjacencies like automation and digital experience analytics.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 Citi
WalkMe initiated with a Buy at Citi
07/12/21 JMP Securities
WalkMe initiated with an Outperform at JMP Securities
07/12/21 BMO Capital
WalkMe initiated with an Outperform at BMO Capital
07/11/21 Goldman Sachs
WalkMe initiated with a Buy at Goldman Sachs
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with a Buy at Citi » 05:12
07/12/21
07/12
05:12
07/12/21
05:12
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Citi analyst Tyler Radke…

Citi analyst Tyler Radke initiated coverage of WalkMe with a Buy rating and $40 price target. The analyst sees Walkme as a "derivative, yet strategic play" on digitization and software-as-a-service adoption. The company's digital adoption platform helps organizations solidify levels of return on investment that were promised in digital transformation projects, Radke tells investors in a research note. He "conservatively" estimates a $12B "greenfield market opportunity, with multiple sources of upside."

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 JMP Securities
WalkMe initiated with an Outperform at JMP Securities
07/12/21 BMO Capital
WalkMe initiated with an Outperform at BMO Capital
07/11/21 Goldman Sachs
WalkMe initiated with a Buy at Goldman Sachs
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Outperform at JMP Securities » 05:01
07/12/21
07/12
05:01
07/12/21
05:01
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

JMP Securities analyst…

JMP Securities analyst Patrick Walravens initiated coverage of WalkMe with an Outperform rating and $39 price target. The analyst sees WalkMe as an "attractive opportunity for long-term capital appreciation for several reasons." The company's digital adoption platform makes software easier to use and deploy, it holds a leadership position in an attractive market that it estimates could be as big as $34B, and it has an opportunity for accelerating growth as annual recurring revenue growth fell from 47% in Q1 to 25% in Q4 due to the pandemic, Walravens tells investors in a research note.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/12/21 BMO Capital
WalkMe initiated with an Outperform at BMO Capital
07/11/21 Goldman Sachs
WalkMe initiated with a Buy at Goldman Sachs
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with an Outperform at BMO Capital » 04:46
07/12/21
07/12
04:46
07/12/21
04:46
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

BMO Capital analyst Keith…

BMO Capital analyst Keith Bachman initiated coverage of WalkMe with an Outperform rating and $35 price target. The analyst believes WalkMe is well positioned in a relatively new self-help digital market, driving high customer return on investment. Stock catalysts including "steady if modest upside" to annual recurring revenue, new customer wins, and new product announcements, says the analyst.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

WKME WalkMe
$30.78 /

+1.43 (+4.87%)

07/11/21 Goldman Sachs
WalkMe initiated with a Buy at Goldman Sachs
  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

Initiation
WalkMe initiated with a Buy at Goldman Sachs » 19:41
07/11/21
07/11
19:41
07/11/21
19:41
WKME

WalkMe

$30.78 /

+1.43 (+4.87%)

Goldman Sachs analyst…

Goldman Sachs analyst Christopher Merwin initiated coverage of WalkMe with a Buy rating and $47 price target. While there is some emerging competition among 3P vendors and the large application developers, the analyst believes WalkMe's differentiation lies in the extensibility of the platform across any type of application and the myriad of use cases that can be developed through its no-code platform. In a time when enterprises are accelerating digital transformation efforts, Merwin thinks Digital Adoption will be critical to maximize the return on those investments. Also, he believes WalkMe is taking steps to effectively move up market and in doing so is improving the sales efficiency of the business, which historically has under-indexed relative to SaaS peers given the higher costs of category creation.

ShowHide Related Items >><<
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

  • 16
    Jun
WKME WalkMe
$30.78 /

+1.43 (+4.87%)

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