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The Latest Breaking News from Brent Bracelin

Analysts Continue To See Upside In Salesforce Post Q2 Beat Despite Challenging Macros

Salesforce, Inc (NYSE:CRM) clocked 22% revenue growth to $7.72 billion in Q2, beating consensus. The EPS of $1.19 topped the consensus. The board approved a buyback of up to $10 billion. The Q3 and FY guidance were below the consensus. Mizuho analyst Gregg Moskowitz reiterated a Buy and cut the price target from $245 to $235.…

Benzinga · Aug 25, 2022

6 Adobe Analysts React To Q2 Earnings Beat, Guidance Cut, Heightened Execution Risks

Adobe Inc (NASDAQ: ADBE) shares traded slightly higher on Friday after the company's full-year guidance disappointed Wall Street.

Benzinga · Jun 17, 2022

Piper Sandler Analyst Recommended Adding Positions In One Of His Favorite All-Weather Growth Stock - Find Out Which Stock

Piper Sandler analyst Brent Bracelin maintained Bill.com Holdings, Inc (NYSE:BILL) with an Overweight and raised the price target from $205 to $212. Float revenue TTM has fallen to $4 million from a peak of $25 million in CY19 but should rebound alongside rising interest rates, as per Bracelin. Following the biggest Fed Funds Rate (FFR)…

Benzinga · Jun 16, 2022

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Here's How Analysts View Braze Post Q1 Beat

Analysts acknowledged Braze, Inc's (NASDAQ:BRZE) Q1 beat amid macro headwinds. Piper Sandler analyst Brent Bracelin maintained Braze with an Overweight and cut the price target from $65 to $42 based on lower growth assumptions given increasing external risks. Despite increasing macro headwinds, BRZE delivered another strong quarter. Increasing investments in direct-to-consumer (DTC) and first-party data stacks have…

Benzinga · Jun 14, 2022

7 Coupa Software Analysts React To Q1 Earnings Beat: 'Lots Of Noise Around Billings'

Coupa Software Inc (NASDAQ: COUP) shares traded higher by 1.8% on Tuesday after the company reported strong earnings numbers and record subscription revenues in the first quarter.

Benzinga · Jun 7, 2022

Read How Analysts Reacted To MongoDB Post Q1 Earnings Beat

Analysts appreciated MongoDB, Inc's (NASDAQ:MDB) Q1 beat but cut the price target to reflect macro headwinds. Needham analyst Mike Cikos maintained MongoDB with a Buy rating and lowered the price target from $362 to $310. The price target change reflected the declines in the broader stock market. Cikos acknowledged MongoDB's strong 1QF23 feat outperforming guidance and expectations.…

Benzinga · Jun 2, 2022

9 Salesforce Analysts React To Q1 Earnings Beat: 'Next Quality Software GARP Stock'

Salesforce Inc (NYSE: CRM) shares jumped Wednesday morning after the company reported first-quarter earnings and raised its profit forecast.

Benzinga · Jun 1, 2022

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5 Snowflake Analysts React To Q1 Earnings As Stock Thaws

Snowflake Inc (NYSE: SNOW) reported a first-quarter loss of 53 cents per share Wednesday on revenues of $422.4 million. Here's what the Street has to say.

Benzinga · May 26, 2022

Piper Sandler Lists What Could Go Right For Bill.Com

Piper Sandler analyst Brent Bracelin maintained Bill.Com Holdings, Inc (NYSE:BILL) with an Overweight and lowered the price target from $300 to $205 (92.4% upside). After six months of fielding investor questions, Piper Sandler published a new 'what could go right?' report series. The report involved in-person meetings with senior leadership to understand better how different cloud business…

Benzinga · May 24, 2022

Why These Analysts Cut Unity Software Price Target By 50%

Shares of Unity Software Inc (NYSE: U) tanked more than 30% after the company reported a wider-than-expected net loss for the first quarter and issued weak revenue guidance.

Benzinga · May 11, 2022

'Still A Second-Half Story': Twilio Analysts React To Mixed Q1 Earnings

Twilio Inc (NYSE: TWLO) shares dropped 2.7% on Thursday after the company reported conservative second-quarter guidance.

Benzinga · May 6, 2022

6 Microsoft Analysts Praise Q3 Earnings Beat, Azure Acceleration, Office 365 Momentum

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 7.2% on Wednesday after the company reported an across-the-board earnings beat and demonstrated impressive sales momentum.

Benzinga · Apr 27, 2022

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

Benzinga · Apr 27, 2022

Analyst Cuts Price Target On Shopify But Still Sees 37% Upside: What You Should Know

Shares of Shopify, Inc. (NYSE: SHOP) have shed about 58% value since the start of the year and an analyst at Piper Sandler is pointing towards incremental risk for the Canadian ecommerce company over the remainder of the year.

Benzinga · Apr 19, 2022

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Benzinga · Mar 11, 2022

Analysts Slash Their PTs On Oracle As They Did Not Buy Its Growth Story

Analysts slashed their price targets on Oracle Corp (NYSE:ORCL) post Q3 results. Piper Sandler analyst Brent Bracelin downgraded to Underweight from Neutral with a PT of $70 (8.7% downside), down from $100. Bracelin found it challenging to reach double-digit organic growth next year, sustaining a cloud shift considering more than 70% of revenue came from the…

Benzinga · Feb 11, 2022

Why Are HubSpot Shares Trading Higher Today?

Analysts mainly hailed HubSpot Inc's (NYSE:HUBS) Q4 performance by raising their price targets on the stock. Mizuho analyst Siti Panigrahi raised the price target on HubSpot to $625 from $500 (16.92% upside) and kept a Buy rating on the shares. The company reported strong results once again in Q4 on broad-based strength with a particular…

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