Salesforce. com stock is coming under selling pressure Monday after Piper Sandler analyst Brent Bracelin cut his rating on the cloud-based enterprise-software giant as part of a broader call asserting that that Street estimates for 2024 look too optimistic for cloud software.
The analyst also lowered ratings on four other stocks. He cuts Asana stock to Underweight from Neutral, with a new target of $16, down from $24, and likewise downgrades Alteryx stock to Underweight from Neutral with a target of $30 For Matterport stock , his rating drops to Neutral from Overweight, with a new target of $2, down from $4. And for Unity Software stock , he moves to Neutral from Overweight, with a target of $30, down from $48.
The analyst also says there were signs of weakness in some third-party measures of customer activity in September, including visitor-growth trends to websites. Bracelin contends that valuations for both large caps and smaller names show “little margin for error.” And not least, he says that “investor sentiment remains mixed,” on concerns over interest rates and macroeconomic conditions.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »
La source: wjxt4 - 🏆 246. / 63 Lire la suite »
La source: AP - 🏆 728. / 51 Lire la suite »
La source: ksatnews - 🏆 442. / 53 Lire la suite »
Stock Market Today: Stocks slide, 10-year yields top 5%, as war risks cloud marketsU.S. equity futures nudged lower Monday, while Treasury bond yields tested fresh multi-year highs in an extended selloff that could add another layer of volatility onto the busiest earnings week of the year on Wall Street. Investors continue to track developments in Israel's war with Hamas, which ...
La source: startelegram - 🏆 248. / 63 Lire la suite »