Salesforce and Software Stocks Are Slumping. Street Estimates May Be Too High.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Piper Sandler analyst Brent Bracelin turned cautious on cloud software stocks. But he still likes Microsoft stock.

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.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Salesforce, Unity see their stocks fall after Piper Sandler abandons bullish stanceEmily Bary is a MarketWatch news editor based in New York.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »

Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise. U.S. futures rose while oil prices fell back. On Friday, the S&P 500 fell 1.3% for a fourth straight drop. The Dow sank 0.9% and the Nasdaq composite tumbled 1.5%.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »

Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »

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 ...
Fonte: startelegram - 🏆 248. / 63 Consulte Mais informação »