Latest news with #JosephGallo
CNBC
3 days ago
- Business
- CNBC
A stock you likely never heard of set to ride the AI 'tidal wave,' according to Jefferies
AvePoint could be well positioned to "ride the AI wave," according to Jefferies. Jefferies initiated coverage of the data management software stock with a buy rating and a $22 per share price target, which is about 17% above Friday's $18.79 close. Analyst Joseph Gallo said that AvePoint has solidified its position as an "industry standard" in the data protection software sector and could benefit from greater consolidation as artificial intelligence adoption spreads. AVPT YTD mountain AvePoint stock in 2025. "AVPT has impressively cemented itself as a data protection platform for the changing enterprise data estate," Gallo wrote on Sunday. "AI is making data estates more complex & AVPT's unified suite of data solutions enables businesses' mission-critical operations in light of the AI tidal wave." Gallo's base case envisions the company will make progress turning a profit on a GAAP basis and grow revenue by 20% or more in 2025 and 2026. "AvePoint should be a beneficiary of consolidating data management spend via its platform as enterprise and SMB customers struggle to manage their data sprawl in the wake of AI implementation," the analyst added. Shares have gained nearly 14% in 2025.
Yahoo
28-06-2025
- Business
- Yahoo
Jefferies Trims SentinelOne (S) Price Target, Maintains Buy Rating
SentinelOne, Inc. (NYSE:S) is one of . Jefferies analyst Joseph Gallo has lowered the firm's price target on SentinelOne, Inc. (NYSE:S) to $23 from $25, while maintaining a Buy rating on the shares. The adjustment reflects a broader reduction in price targets across Jefferies' U.S. software coverage, prompted by recent multiple compression and early signs of softening macroeconomic conditions affecting deal-making in the technology sector. Gallo pointed out that these factors could lead to what he describes as another 'mullet' year for software companies, characterized by a challenging first half followed by a stronger second half. Despite this outlook, Jefferies has not yet lowered its earnings estimates for SentinelOne, choosing instead to await further data from upcoming first-quarter checks. The analyst also noted that SentinelOne's recent guidance assumed no significant improvement in market conditions, underscoring the cautious tone from management. As uncertainty continues, many investors appear to be holding back, adopting a wait-and-see approach to gauge how the evolving environment will affect technology spending and deal activity. While the cautious stance has led to a tempered near-term outlook, Jefferies remains positive on SentinelOne's longer-term prospects, keeping a Buy rating on the stock. While we acknowledge the potential of S to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than S and that has 100x upside potential, check out our report about this cheapest AI NEXT: 10 Best Small Cap Tech Stocks With Biggest Upside Potential and . Disclosure: None.
Yahoo
29-04-2025
- Business
- Yahoo
Protect AI deal to strengthen Palo Alto Networks' position, says Jefferies
Jefferies analyst Joseph Gallo reiterated a Buy rating and $215 price target on Palo Alto Networks (PANW) after the company announced a definitive agreement to acquire Protect AI. The firm expects the acquisition to strengthen the company's position as the cyber platform of choice, solidifying its ability to secure the new attack surface created by AI, via both acquisition and launch of the new Prima AIRS solution. Jefferies views AI as a must-win category for Palo Alto, similar to Cloud, where only three pure plays ultimately won. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PANW: Disclaimer & DisclosureReport an Issue AI Daily: Musk's XAI in talks to raise $20B, Huawei develops new AI chip Palo Alto Networks to acquire Protect AI, terms not disclosed What Wall Street is saying about Alphabet ahead of earnings Palo Alto Networks price target lowered to $205 from $240 at KeyBanc Palo Alto Networks price target lowered to $205 from $230 at Morgan Stanley Sign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
Jefferies Sees Big Upside in CyberArk's Venafi from Cloud-Ready Integrations
CyberArk Software (NASDAQ:CYBR) is getting fresh attention this week after Jefferies highlighted its Venafi platform as a frontrunner in the growing machine identity market. Warning! GuruFocus has detected 2 Warning Signs with CYBR. In a new note, analyst Joseph Gallo said the firm spoke with a machine identity consultant who sees Venafi as a strong leader, even though it was only growing at about 10% year over year when CyberArk acquired it. The expert, Gallo noted, believes the platform is well positioned to pick up speed under CyberArk's ownership. Gallo is sticking with a Buy rating on the stock and kept his $351 price target in place. One key reason for Venafi's edge, according to the expert, is its large number of integrationsbuilt over several yearswhich serve as a major competitive barrier. It's also designed to work across multiple cloud platforms, something that gives it a leg up over rivals. If just 10% of CyberArk's roughly 8,500 customers adopt Venafi, Gallo estimates it could add around $85 million in recurring revenuea number he calls very reasonable. This article first appeared on GuruFocus. Sign in to access your portfolio
