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TechStock Radar
E-mail: Rob@techstockprospector.com
Technorati
November 2019
Archives
 
Wednesday, November 13, 2019, 2:39 PM — by Rob DeFrancesco, TechStock Radar
Rosenblatt Upgrades Five9 to 'Buy'

Rosenblatt upgrades Five9 (FIVN, $63.75) to ‘Buy’ and raises its price target to $75 from $66, saying the company has a strong position and plenty of upside potential in cloud-based call center software market. The firm believe that both Five9 and key competitor NICE (NICE) are likely to see continued success as part of a multi-year cycle.

 
Monday, November 4, 2019, 5:51 PM — by Rob DeFrancesco, TechStock Radar
JP Morgan Lowers Pinterest Target

JP Morgan lowered its Pinterest (PINS, $20.58) price target to $23 from $34 after last week’s disappointing Q3 report. Revenue rose 47%, but missed the consensus estimate. Global ARPU was up 14%, deceleration from growth of 29% in Q2. Pinterest said the U.S. business faced a particularly tough comp. The firm said it was looking for more from a high-growth company that’s ramping monetization.


Last Friday, Pinterest shares lost 17% following the Q3 earnings report.

   
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