Latest news with #DerrickWood
Yahoo
2 days ago
- Business
- Yahoo
TD Cowen Reiterated a Buy Rating on Klaviyo (KVYO), Kept the PT Unchanged
Klaviyo, Inc. (NYSE:KVYO) is one of the . On June 23, Derrick Wood from TD Cowen reiterated a Buy rating on Klaviyo, Inc. (NYSE:KVYO) with a price target of $45. The analyst noted that his positive view about the company is based on the ongoing growth. Klaviyo, Inc. (NYSE:KVYO) posted 33% year-over-year growth in the first quarter, which came in higher than expected. Moreover, the company maintained a stable net revenue retention rate of 108%, suggesting customers are sticking with the platform. A team of software developers gathered around a monitor discussing a new CRM platform. Wood noted that Klaviyo, Inc. (NYSE:KVYO) is transforming. It is moving from core email and SMS marketing to a wider B2C CRM platform. New services in marketing analytics and customer service are helping drive this shift. Notably, the company trades at a lower multiple than its competitors, and its revenue growth has outpaced many peers. Klaviyo, Inc. (NYSE:KVYO) provides a customer relationship management platform designed for business-to-consumer brands. While we acknowledge the potential of KVYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
TD Cowen Maintains a Buy on ServiceNow (NOW), Keeps the PT at $1,150
ServiceNow, Inc. (NYSE:NOW) is one of the best long term low volatility stocks to buy now. On July 16, TD Cowen analyst Derrick Wood maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW), keeping the price target at $1,150.00. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The analyst reasoned that ServiceNow, Inc. (NYSE:NOW) is suitably positioned for future growth and has exhibited strong performance in the enterprise segment, especially with its AI-related projects. The firm expects favorable foreign exchange trends and the company's traction with its GenAI product cycle to be additional growth drivers for its financial performance. The analyst also stated that ServiceNow, Inc. (NYSE:NOW) has a strong track record with a significant beat in fiscal Q1 results and has set a lower guidance bar, which may result in a beat and raise the scenario in the upcoming quarters. ServiceNow, Inc. (NYSE:NOW) has increased sales hiring and boasts a strong pipeline, which, according to the analyst, strategically positions it for the second half of the year and sets it up for continued growth. ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
TD Cowen Maintains a Buy on ServiceNow (NOW), Keeps the PT at $1,150
ServiceNow, Inc. (NYSE:NOW) is one of the best long term low volatility stocks to buy now. On July 16, TD Cowen analyst Derrick Wood maintained a Buy rating on ServiceNow, Inc. (NYSE:NOW), keeping the price target at $1,150.00. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The analyst reasoned that ServiceNow, Inc. (NYSE:NOW) is suitably positioned for future growth and has exhibited strong performance in the enterprise segment, especially with its AI-related projects. The firm expects favorable foreign exchange trends and the company's traction with its GenAI product cycle to be additional growth drivers for its financial performance. The analyst also stated that ServiceNow, Inc. (NYSE:NOW) has a strong track record with a significant beat in fiscal Q1 results and has set a lower guidance bar, which may result in a beat and raise the scenario in the upcoming quarters. ServiceNow, Inc. (NYSE:NOW) has increased sales hiring and boasts a strong pipeline, which, according to the analyst, strategically positions it for the second half of the year and sets it up for continued growth. ServiceNow, Inc. (NYSE:NOW) offers an AI platform for business transformation, boosting productivity and maximizing business outcomes. Its intelligent platform, Now Platform, provides end-to-end workflow automation for digital businesses. Now Platform functions as a cloud-based solution embedded with AI and ML. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
20-06-2025
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Workday (WDAY)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Buy rating on Workday (WDAY – Research Report). The company's shares closed last Wednesday at $236.88. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wood is a 5-star analyst with an average return of 13.6% and a 59.07% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Atlassian. Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $296.93. Based on Workday's latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.24 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $107 million
Yahoo
06-06-2025
- Business
- Yahoo
ServiceNow (NOW) Hits $1.1B in Workflow Revenue, Rides Generative AI Wave
We recently published a list of . In this article, we are going to take a look at where ServiceNow, Inc. (NYSE:NOW) stands against other AI stocks on Wall Street's radar. On June 2nd, TD Cowen analyst Derrick Wood raised the price target on ServiceNow, Inc. (NYSE:NOW) to $1,150.00 (from $1,100.00) while maintaining a 'Buy' rating. The price target revision follows ServiceNow's recent Technology, Media, and Telecom (TMT) Conference in New York City, where its General Manager and Senior Vice President of Core Business Workflows, Josh Kahn, was hosted. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The conference highlighted how the company's Business Workflows product group has reached $1.1 billion in annual recurring revenue, boasting a growth of approximately 40% in net new annual contract value in the last quarter. One of the reasons for the growth has been the strong traction with ServiceNow Assist and the Generative AI upgrade cycle. The analysts noted how the company is also employing new bundling strategies for its Back Office products, which will increase product attachment rates and result in greater engagement with C-level executives. Overall, the firm reiterated its confidence in ServiceNow, highlighting its potential for sustained growth and innovation in product offerings. ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
