Latest news with #KashRangan
Business Insider
26-06-2025
- Business
- Business Insider
Samsara (IOT): New Buy Recommendation for This Technology Giant
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Samsara (IOT – Research Report) today and set a price target of $46.00. The company's shares closed today at $38.65. Confident Investing Starts Here: Rangan covers the Technology sector, focusing on stocks such as Microsoft, ServiceNow, and Snowflake. According to TipRanks, Rangan has an average return of 8.9% and a 56.99% success rate on recommended stocks. In addition to Goldman Sachs, Samsara also received a Buy from William Blair's Dylan Becker in a report issued today. However, on the same day, Raymond James reiterated a Hold rating on Samsara (NYSE: IOT). The company has a one-year high of $61.90 and a one-year low of $29.86. Currently, Samsara has an average volume of 4.95M. Based on the recent corporate insider activity of 246 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Earlier this month, Dominic Phillips, the EVP, CFO of IOT sold 47,334.00 shares for a total of $1,855,492.80.
Business Insider
25-06-2025
- Business
- Business Insider
Gitlab (GTLB) Gets a Hold from Goldman Sachs
Goldman Sachs analyst Kash Rangan reiterated a Hold rating on Gitlab (GTLB – Research Report) today and set a price target of $50.00. The company's shares closed today at $42.83. 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 Rangan covers the Technology sector, focusing on stocks such as Microsoft, ServiceNow, and Snowflake. According to TipRanks, Rangan has an average return of 8.7% and a 56.78% success rate on recommended stocks. In addition to Goldman Sachs, Gitlab also received a Hold from J.P. Morgan's Pinjalim Bora in a report issued on June 11. However, on June 19, RBC Capital maintained a Buy rating on Gitlab (NASDAQ: GTLB). The company has a one-year high of $74.18 and a one-year low of $37.90. Currently, Gitlab has an average volume of 3.66M. Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GTLB in relation to earlier this year. Most recently, in March 2025, Matthew Jacobson, a Director at GTLB sold 152,884.00 shares for a total of $8,001,252.04.
Yahoo
16-06-2025
- Business
- Yahoo
Goldman Sachs Reiterates Buy on Adobe (ADBE) with $570 Target Amid Rising AI Momentum
Adobe Inc. (NASDAQ:ADBE) is one of the . On June 13, Goldman Sachs analyst Kash Rangan reiterated a 'Buy' rating on the stock with a $570.00 price target. The rating reaffirmation follows Adobe's fiscal second quarter 2025 results. Despite outperforming and raising +1% to fiscal 2025 Digital Media revenue, Rangan noted how the stock fell after hours as investors have been unsure if Adobe can be consistent with its double-digit top-line growth and whether its AI revenue contribution is tangible. Nevertheless, the firm is optimistic about Adobe's growth trajectory due to its Adobe Experience Platform and its Apps subscription revenue, which have been up 40% year-over-year. The company's Express platform has added over 8,000 businesses, serving as a reliable engine for user acquisition. Adobe's AI adoption is also accelerating, resulting in Firefly App first-time subscribers of +30% Q/Q. A financial analyst at his computer monitor, tracking the public company's investments. Rangan is particularly optimistic about Adobe's AI strategy. He believes it is growing to play a larger role in the company's narrative as it can help make the company's products better and allow customers to buy higher-priced SKUs, such as the CC Pro. He noted how early evidence from the core CC suite has been promising. Adobe expects AI-standalone SKUs to surpass a $250 million run-rate by the fourth quarter of fiscal 2025. The firm believes that this could provide additional revenue growth. All in all, Rangan believes Adobe is well-positioned to benefit as Gen-AI spending transitions from Infrastructure into Platform and Application layers. 'We reiterate our Buy rating and $570 PT following Adobe's F2Q25 results.' While we acknowledge the potential of ADBE 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: and Disclosure: None. 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
16-06-2025
- Business
- Yahoo
Goldman Sachs Reiterates Buy on Adobe (ADBE) with $570 Target Amid Rising AI Momentum
Adobe Inc. (NASDAQ:ADBE) is one of the . On June 13, Goldman Sachs analyst Kash Rangan reiterated a 'Buy' rating on the stock with a $570.00 price target. The rating reaffirmation follows Adobe's fiscal second quarter 2025 results. Despite outperforming and raising +1% to fiscal 2025 Digital Media revenue, Rangan noted how the stock fell after hours as investors have been unsure if Adobe can be consistent with its double-digit top-line growth and whether its AI revenue contribution is tangible. Nevertheless, the firm is optimistic about Adobe's growth trajectory due to its Adobe Experience Platform and its Apps subscription revenue, which have been up 40% year-over-year. The company's Express platform has added over 8,000 businesses, serving as a reliable engine for user acquisition. Adobe's AI adoption is also accelerating, resulting in Firefly App first-time subscribers of +30% Q/Q. A financial analyst at his computer monitor, tracking the public company's investments. Rangan is particularly optimistic about Adobe's AI strategy. He believes it is growing to play a larger role in the company's narrative as it can help make the company's products better and allow customers to buy higher-priced SKUs, such as the CC Pro. He noted how early evidence from the core CC suite has been promising. Adobe expects AI-standalone SKUs to surpass a $250 million run-rate by the fourth quarter of fiscal 2025. The firm believes that this could provide additional revenue growth. All in all, Rangan believes Adobe is well-positioned to benefit as Gen-AI spending transitions from Infrastructure into Platform and Application layers. 'We reiterate our Buy rating and $570 PT following Adobe's F2Q25 results.' While we acknowledge the potential of ADBE 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: and Disclosure: None. 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
28-05-2025
- Business
- Yahoo
Salesforce (CRM)'s AI Push Won't Show Up Yet – Here's Why Goldman Still Says Buy
We recently published a list of . In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other AI stocks that are on analyst's radar today. On May 27, Goldman Sachs analyst Kash Rangan reiterated a 'Buy' rating on Salesforce, Inc. (NYSE:CRM) with a $340.00 price target. Salesforce is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. Despite its popularity, Rangan believes that Agentforce's revenue contribution isn't likely to be very material heading into earnings. Artificial intelligence is going to be a key topic of conversation, but significant updates on revenue contribution for Salesforce may not be until the Dreamforce event on October 14, 2025. The company is anticipated to report a 7% increase in revenue, a 10% rise in current remaining performance obligations (cRPO), a non-GAAP operating margin (OpM) of 33%, and a non-GAAP earnings per share (EPS) of $2.56. The firm believes that Salesforce will maintain net new revenue levels comparable to fiscal year 2024. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. Moreover, even though there are certain challenges such as the Department of Justice's oversight, small and medium-sized business execution, and transitions in the CFO/COO roles, stable software spending trends and the company's strategic long-term investments will likely help Salesforce increase its market share. 'We reiterate our Buy rating and $340 price target on Salesforce ahead of F1Q26 earnings (5/28). While artificial intelligence likely remains a focal point, we don't anticipate material updates on Agentforce's revenue contribution until Dreamforce (10/14). In the meantime, we look toward other strength points from Data Cloud and AI (>$900 million annual recurring revenue). Heading into earnings, we expect revenue +7%, current remaining performance obligations +10%, non-GAAP operating margin of 33%, and non-GAAP EPS of $2.56. We feel comfortable with these and for Salesforce to exit FY26 at similar net new revenue levels as FY24, where overhangs from an elevated investment period can be comparable to FY26's perceived risks. We believe current guidance (+7–8% growth) and stock performance year-to-date (−17% vs. Nasdaq flat) has adequately accounted for: 1) Incremental pressure to Public Sector ($5.7 billion ARR in F4Q25) associated with DOGE, 2) Small/Medium Business and Create-and-Close execution, 3) CFO/COO transition. With broader software citing largely stable spending trends, we see Salesforce well-positioned to capture greater wallet share with the maturation of strategic long-term investments, coupled with emerging product momentum that could compound and support revenue re-acceleration. We further note F1Q cRPO growth is typically not a material forward indicator and see limited upside to Street expectations (10% YoY constant currency), whereas F2Q cRPO guidance will likely be a focal point. Despite modest incremental FX tailwind, we don't expect an upward revision to FY26 revenue. We continue to see Salesforce capable of delivering durable growth, 35%+ operating margin, and achieving $17–18 free cash flow per share in FY27, offering a compelling risk/reward at 17x EV/CY26 free cash flow (vs. peers' ~28x).' Overall, CRM ranks 3rd on our list of AI stocks that are on analyst's radar today. While we acknowledge the potential of CRM as an investment, 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 CRM and that has 100x upside potential, check out our report about this cheapest AI stock. 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
