Brent Bracelin

Cloud-based data warehousing company Snowflake Inc. (NASDAQ: SNOW) reported fourth-quarter revenue Wednesday that more than doubled from a year ago and a loss that narrowed from the year-ago quarter. The full-year revenue guidance was about in-line with estimates. The Snowflake Analysts:...

Experience management software provider Qualtrics International Inc (NASDAQ: XM) debuted Jan. 28 on Wall Street. With the company's IPO quiet period expiring, sell-side analysts started coverage of the stock, and most are staying on the sidelines. The Qualtrics Analysts: BofA Securities...

ZoomInfo Technologies Inc’s (NASDAQ: ZI) multiple product and new customer levers could sustain 30%-plus growth going forward, according to Brent Bracelin of Piper Sandler. The ZoomInfo Analyst: Bracelin maintained an Overweight rating on the ZoomInfo stock and upped his price target to...

Piper Sandler analyst Brent Bracelin is hot and cold on two software stocks due to upside projections and acquisitions. The Anaplan Thesis: Bracelin upgraded shares of Anaplan Inc. (NYSE: PLAN) from Neutral to Overweight and raised the price target from $66 to $87. “2021...

Cloud-based data warehouse company Snowflake Inc (NYSE: SNOW) reported a narrower loss and 119% revenue growth for its third quarter. Following the impressive headline numbers, the stock is moving to the upside. Credit Suisse analyst Brad Zelnick maintained a Neutral rating on Snowflake's and...

Slack Technologies Inc (NYSE: WORK) shares have rallied 45.5% in just over a week following the initial reports of a buyout by salesforce.com, inc. (NYSE: CRM). On Tuesday, Salesforce confirmed a buyout deal priced at roughly $44.07 per share as of Wednesday morning’s prices. Slack also...

Asana Inc (NYSE: ASAN) could become an “indirect beneficiary” of accelerating digital growth, given its integration with several third-party products that support remote work, according to Piper Sandler. The Asana Analyst: Brent Bracelin upgraded Asana from Neutral to Overweight and...

Shares of salesforce.com, inc. (NYSE: CRM) were trading lower Wednesday after the company reported earnings and revenue beats in the third quarter but fell short of expectations for its fourth-quarter guidance. Salesforce also announced its intention to acquire Slack Technologies Inc (NASDAQ:...

Multiple Twilio analysts issued price target increases Tuesday after the cloud company highlighted revenue growth, customer wins and a large addressable market in its third-quarter report.  Twilio Analysts On Revenue: Twilio Inc (NYSE: TWLO) reported third-quarter revenue that...

Wall Street analysts released their recommendations Monday for Asana Inc (NYSE: ASAN), the cloud-based platform for team collaboration and work management that went public in late September. The Asana Analysts KeyBanc Capital Markets analyst Alex Kurtz initiated coverage of Asana with a Sector...

Workday Inc’s (NASDAQ: WDAY) subscription growth is likely to bottom in the second half of 2020 and reaccelerate in 2021, according to Piper Sandler. The Workday Analyst: Brent Bracelin upgraded Workday from Neutral to Overweight and raised the price target from $248 to $275. The...

Unity Software (NYSE: U) saw a string of bullish calls from analysts initiating coverage Tuesday thanks to the company’s growth potential outside of its gaming business.  Unity Analysts On Its Gaming Platform: Unity has relationships with many of the top gaming companies, including...

Snowflake Inc (NYSE: SNOW) shares were gaining ground on Monday and are off to a hot start on the public market after the stock's initial public offering priced at $120 in mid-September.  The cloud data warehousing company far exceeded its initial IPO target range of $75 to $85 per share,...

Twilio Inc (NYSE: TWLO) shares hit new 52-week highs on Friday after jumping more than 13% in response to a guidance hike during Thursday’s investor day event. In August, Twilio guided for third-quarter revenue of between $401 million and $406 million, but the company said it now expects...

Adobe Inc (NASDAQ: ADBE) reported strong third-quarter results Tuesday. Here's what five analysts had to say after the print.  The Adobe Analysts: BofA Securities analyst Kash Rangan reiterated a Buy rating on Adobe shares with a $570 price target.  BMO Capital Markets...