A Look At Needham's Top FinTech Picks After another earnings season and coming off the 17th Annual NTMC, Needham analyst Mayank Tandon received updates from its entire coverage universe in recent weeks. Benzinga · Jun 16, 2022
Petco Eyes Small Towns & Rural Communities - Check Out The New Location Petco Health And Wellness Company Inc (NASDAQ:WOOF) has launched a new community-driven test concept to serve the wellness needs of pets and farm animals in small towns and rural communities. The company will open its first location under the concept on June 17 in Floresville, Texas. Related: Here's Why Needham Is Bullish On This Pet… Benzinga · Jun 16, 2022
Read What Needham Thinks About Blink Charging's SemaConnect Deal Needham analyst Vikram Bagri raised the price target for Blink Charging Co (NASDAQ:BLNK) to $27 (an upside of 78%) from $25 while maintaining the Buy rating on the shares after the company acquired SemaConnect. The analyst sees eligibility for NEVI funding from newfound eligibility under the Buy America requirement as the biggest near-term deal benefits,… Benzinga · Jun 15, 2022
Needham Sees Reasonable Forecasts For Haemonetics, With Some Tailwinds Haemonetics Corporation's (NYSE: HAE) analyst day later this month may include an update on its businesses, new products, margin outlook, and financial targets for FY24-FY26. Benzinga · Jun 15, 2022
Needham Maintains Buy Rating for Pacira BioSciences: Here's What You Need To Know Needham has decided to maintain its Buy rating of Pacira BioSciences (NASDAQ:PCRX) and lower its price target from $84.00 to $76.00. Shares of Pacira BioSciences are trading up 3.85% over the last 24 hours, at $53.47 per share. Benzinga · Jun 15, 2022
Needham Sees Dynamics Favoring Datadog Needham analyst Mike Cikos spoke to Datadog, Inc (NASDAQ: DDOG) to recap the ability to sustain growth in a challenging economy and a deeper dive into the consumption elements of Datadog's revenue model. Benzinga · Jun 14, 2022
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
Read Needham's Views On Braze, EPAM, MongoDB Needham offered its take on three software & services companies. Benzinga · Jun 13, 2022
Analysts Consider CRISPR Therapeutics' Blood Disorder Trial Data Encouraging, Impressive CRISPR Therapeutics (NASDAQ: CRSP) presented results from its ongoing Phase 1 COBALT-LYM CTX130 (exa-cel) trial, an allogeneic CAR-T cell therapy targeting CD70 for solid tumors and certain hematologic malignancies. Benzinga · Jun 13, 2022
Here's What It Will Take For Netflix To Win Streaming War Analysts grow cautious regarding Netflix, Inc (NASDAQ:NFLX) over brewing competition in the post-Covid world. Needham analyst Laura Martin saw Netflix as unlikely to win the Streaming Wars pending launch of a lower-priced ad-driven tier, adding Sports and News content, bundling with other products, and acquiring an extensive film and TV content library. Every major streaming competitor does one or… Benzinga · Jun 10, 2022
Needham Recommends Every Portfolio Should Stock Up On Innovid - Read Why Needham analyst Laura Martin re-rated Innovid Corp (NYSE: CTV), justifying why every portfolio should contain the shares. Benzinga · Jun 10, 2022
Here's Why Needham Is Bullish On This Pet Retailer Needham analyst Anna Andreeva said she does not see any trade down in Petco Health And Wellness Company Inc (NASDAQ: WOOF) as it continues to pass through inflation successfully. Benzinga · Jun 9, 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 Needham's Take On Disney in Brief Needham analyst Laura Martin reiterated a Hold rating on Walt Disney Company (NYSE:DIS) while raising her FY22 EPS view to $4.05 from $3.72 in a note titled "DIS's Parks have Superpowers." Martin added $1.66 billion to her forecast for Operating Income for the Parks segment for Q2, doubling estimates to $3.3 billion on better than… Benzinga · Jun 3, 2022
Benzinga · Jun 3, 2022 5 CrowdStrike Analysts React To Q1 Earnings Beat, Guidance Hike, Potential Hiring Ramp CrowdStrike Holdings Inc (NASDAQ: CRWD) shares traded down by 6.2% on Friday after the company reported a first-quarter earnings beat and raised its full-year guidance.
Benzinga · Jun 2, 2022 Here's Why Analysts Had Mixed Opinions On C3.ai Post Q4 Results Analyst opinions remained mixed about C3.ai, Inc (NYSE:AI) following its dismal FY23 guidance despite a Q4 beat. Piper Sandler analyst Arvind Ramnani downgraded C3.ai from Overweight to Neutral and slashed the price target from $28 to $15. The re-rating reflected lackluster guidance triggered by enterprise spending softness, slower customer growth, and a dismal demand. Ramnani noted the…
Benzinga · Jun 2, 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 1, 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 · May 31, 2022 Here's Why CarGurus Made It To Needham's Conviction List Needham analyst Chris Pierce reiterated a Buy rating and $40 (53.4% upside) target post-CarGurus, Inc's (NASDAQ:CARG) Investor Day and added it to the Needham Conviction List (replacing ACV Auctions Inc (NASDAQ: ACVA)). Pierce cited increased confidence in the growth of the dealer-facing subscription business and multiple tailwinds supporting share gains in wholesale. He saw better monetization of…
Benzinga · May 31, 2022 Here's How Needham Views Salesforce, UiPath, Phreesia, Veeva Ahead Of Quarterly Results April quarter earnings continue this week in Needham's broader Enterprise Software space with Salesforce, Inc (NYSE: CRM), UiPath, Inc (NYSE: PATH), Phreesia In
Benzinga · May 27, 2022 Analysts See Zscaler Benefiting From Economic Slowdown, Cloud Transition Post Q3 Beat Analysts expressed the reasons behind their optimism on Zscaler, Inc (NASDAQ:ZS) post Q3 beat. Needham analyst Alex Henderson maintained a Strong Buy rating on Zscaler and set a price target of $185. Zscaler delivered a strong Q3, easily beating street estimates, and guided well ahead of Street forecasts for the July quarter. RPO growth of 83%,…
Benzinga · May 27, 2022 Here's How Needham Views Sprout Social's Collaboration With TikTok On May 26, Sprout Social, Inc (NASDAQ:SPT) announced its content marketing integration with TikTok, which has been in the works. It represents the latest platform integration, with one of the ten most prominent social media networks globally. Needham analyst Scott Berg believes that the integration expands SPT’s strategic reach in the social media marketing…
Benzinga · May 25, 2022 Needham Is 'More Optimistic' on WalkMe's Value Proposition After Q1 Performance - Read Why Needham analyst Scott Berg maintained WalkMe Ltd (NASDAQ:WKME) with a Buy and lowered the price target from $40 to $20 (132.3% upside) post Q1 FY22 results. Berg attended WalkMe's first Analyst Day, becoming more optimistic about its value proposition and ability to become a more strategic partner with customers. Also Read: Here's How KeyBanc Rates WalkMe Post…
Benzinga · May 24, 2022 Zoom Beats Estimates, But Could Have Rough Year: What 8 Analysts Have To Say Quarterly revenue and earnings per share from Zoom Video Communications (NASDAQ: ZM) came in better than anticipated from analysts. Here are the key takeaways from analysts on what’s next for the video technology company.