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Unity Software Analysts Assign Triple-Digit Price Targets On Gaming Strength, Future Growth Verticals
Tuesday, October 13, 2020 - 3:06pm | 662Unity Software (NYSE: U) saw a string of bullish calls from analysts initiating coverage Tuesday thanks to the company’s growth potential outside of its gaming business. Unity Analysts On Its Gaming Platform: Unity has relationships with many of the top gaming companies, including...
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Salesforce Option Trader Bets $1.5M On Software Stock Heading Higher
Thursday, June 25, 2020 - 6:53pm | 712Salesforce.com, inc. (NYSE: CRM) shares are up 21.7% in the past year. The cloud-based customer relationship management giant has been one of the best large-cap growth stocks in the market in recent years, and at least one large option trader is expecting more of the same from the stock over the...
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Goldman Sachs Downgrades Slack To Sell On Competition Risk
Friday, June 19, 2020 - 9:22am | 344Slack Technologies Inc (NYSE: WORK) has been an obvious beneficiary of the pandemic and the resulting remote-work trend. However, one analyst anticipates challenges to its market share. The Slack Rating: Goldman Sachs analyst Heather Bellini downgraded Slack to Sell but maintained her price target...
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Goldman Sachs Turns Bullish On RingCentral, Highlights Large Market Opportunity
Tuesday, January 21, 2020 - 12:04pm | 317The bullish case for cloud communication company RingCentral Inc (NYSE: RNG) is based on the company's growth prospects within the large Unified Communications as a Service (UCaaS) market, according to Goldman Sachs. The Analyst Heather Bellini upgraded RingCentral from Neutral to Buy with a...
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Goldman Sachs Upgrades Atlassian, Encouraged By Outlook
Thursday, May 9, 2019 - 10:17am | 346The fourth-quarter consensus billings estimate for Atlassian Corporation PLC (NASDAQ: TEAM) reflects low deferred revenue expectations and appears conservative, according to Goldman Sachs. The Analyst Heather Bellini upgraded Atlassian from Neutral to Buy and raised the price target from $115 to $...
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The Street's Reaction To Big Blue Buying Red Hat
Monday, October 29, 2018 - 9:57am | 673Tech giant IBM (NYSE: IBM) reached an agreement to acquire open source cloud software provider Red Hat Inc (NYSE: RHT) for $190 per share in cash, representing a premium of more than 60 percent compared to Red Hat's Friday closing price of $116.68. Once the deal is complete, Red Hat will be...
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Citrix Added to Goldman Sachs' Conviction List Ahead Of Analyst Day
Tuesday, May 1, 2018 - 11:18am | 406SaaS provider Citrix Systems, Inc. (NASDAQ: CTXS) was added to Goldman's America's Conviction List ahead of its Tuesday, May 8 analyst day. Goldman Sach's conviction list consists of Buy-rated stocks that are identified as possessing the best alpha generation opportunities...
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Salesforce Remains One Of The Best Positioned Companies In Enterprise Software
Friday, November 18, 2016 - 11:06am | 348Goldman Sachs said in a note released on Friday that salesforce.com, inc. (NYSE: CRM) is one of the best positioned companies in the enterprise software segment, with multiple growth vectors. Stellar Q3 Showing, Q4 Guidance Analyst Heather Bellini reviewed the company's quarterly results,...
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Goldman Sees Google Cloud Market Share Up 6.5x In 4 Years
Thursday, November 17, 2016 - 9:34am | 301Goldman Sachs’ Heather Bellini believes Google Cloud Platform (GCP) “has the technical capabilities and innovative services required to potentially increase market share from 3 percent in CY16 to 13 percent in CY20, becoming the #3 vendor over the next 5-10 years.” Bellini...
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Facebook's $162 Price Target Reaffirmed By Goldman Following Miscalculations
Thursday, November 17, 2016 - 9:25am | 394Goldman Sachs maintains its Buy rating and $162 price target on the shares of Facebook Inc (NASDAQ: FB), which disclosed
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3 Reasons Microsoft's Stock Is Now Buy, With 16% Upside
Thursday, November 17, 2016 - 8:48am | 316“Azure is the #2 market share vendor in the cloud space, and has grown 100 percent or more yoy eight of the last ten quarters, and in fact growth accelerated in Q3 16," said Goldman Sachs’ Heather Bellini. Bellini upgraded the rating on Microsoft Corporation (NASDAQ: MSFT) from...
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Keep An Eye On Acacia Communications
Friday, November 4, 2016 - 11:32am | 271Shares of Twilio Inc (NYSE: TWLO) were trading higher by around 3 percent Friday morning after the company reported its third-quarter results. The company said that it lost $0.04 per share in its third quarter on revenue of $71.5 million. Wall Street analysts were expecting the company to lose $0....
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Goldman Sachs Trims Twilio's Price Target To $38
Friday, November 4, 2016 - 8:53am | 272Goldman Sachs cut its price target on Twilio Inc (NYSE: TWLO) shares modestly to $38 from $39, as it slightly lowered estimates given the company’s profitability target missed the brokerage view. “Our price target is derived from a weighted average of our DCF & EV/sales (70 percent...
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Goldman Sachs On Facebook: Conservatism Or Realism?
Thursday, November 3, 2016 - 8:55am | 336Facebook Inc (NASDAQ: FB) reported robust Q3:16 results, with revenue beating the consensus expectations. Goldman Sachs’ Heather Bellini maintains a Buy rating on the company, with a price target of $162. Q3 Beat Facebook reported Q3:16 revenue of $7.01 billion, representing 56 percent year-...
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For First Time Since Its IPO, RingCentral Didn't Beat Top End Of Top-Line Guidance
Wednesday, October 26, 2016 - 2:34pm | 286Goldman Sachs maintained its Neutral rating on RingCentral Inc (NYSE: RNG) after the third quarter marked the first time the company didn't beat the high end of its revenue guidance range since its IPO. RingCentral reported third quarter revenue of $96.8 million, above consensus of $96.1...