Latest news with #PatrickWalravens
Yahoo
5 days ago
- Business
- Yahoo
Salesforce (CRM) $430 PT, Market Outperform Reaffirmed by JMP
Salesforce, Inc. (NYSE:CRM) is a. On July 11, JMP Securities analyst Patrick Walravens reiterated a 'Market Outperform' rating for the stock with a steady price target at $430.00. The rating affirmation comes after the firm reviewed details of Salesforce's merger with Informatica. The firm based its decision on the information from Informatica's preliminary proxy statement filed with the SEC on July 3. The filing revealed that there are six other potential acquirers in the process. Due diligence conducted revealed six positive factors and four negative factors influencing the transaction analysis. JMP stated that Salesforce has fallen 20% YTD, underperforming both the S&P and the Russell 3000. Copyright: drserg / 123RF Stock Photo The rating is maintained considering Salesforce continues to pursue its acquisition of Informatica. Salesforce, Inc. (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. While we acknowledge the potential of CRM 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.
Yahoo
02-07-2025
- Business
- Yahoo
Oracle (ORCL) Gets Bullish Ratings After Massive Cloud Agreements
Oracle Corporation (NYSE:) is one of the . On July 1, Citizens JMP analyst Patrick Walravens reiterated a "Market Outperform" rating on the stock with a $240.00 price target. The rating affirmation follows Oracle's recent Form 8-K filing, which has disclosed that Oracle had 'signed multiple large cloud services agreements, including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.' The firm continues to remain confident in Oracle's growth trajectory, predominantly with newly signed cloud service agreements beginning to materialize in the coming fiscal years. A large array of computer screens and tech equipment representing the technology company's self-service cloud-based platform. A day prior, Barclays analyst Raimo Lenschow reiterated an 'Overweight' rating on the stock with a $221.00 price target. The rating affirmation followed expectations for the company shares to move higher in response to its 8K, its filing, which highlighted a strong start to FY26 and disclosed how Oracle has signed multiple large cloud services agreements. Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider. While we acknowledge the potential of ORCL 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: 10 AI Stocks in the Spotlight and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
JMP Securities Maintains Market Perform Rating on SAP SE (SAP) Stock
On Friday, May 23, JMP Securities analyst Patrick Walravens reiterated a 'Market Outperform' rating on SAP SE (NYSE:SAP) with a steady $330 price target. The analyst pointed out that the stock is currently trading at a 2026 estimated enterprise value (EV) to revenue multiple of 7.5 times, and a 2026 estimated EV to free cash flow (FCF) multiple of 32 times. Walravens' price target of $330 indicates that SAP SE (NYSE:SAP) could be valued at an EV/revenue multiple of 8.3 times and a 2026 EV/FCF multiple of 35 times, which represents a premium of about 10% over the median multiple of SAP SE's (NYSE:SAP) peers. A data centre room with cloud technology, illustrating the enterprise application software services. According to the analyst, the premium is justified as the company has a large core market, strong backlog growth, and a solid leadership team. Walravens also described a hypothetical scenario where SAP SE's (NYSE:SAP) stock could rise even higher. If the market valued SAP at 40 times its estimated 2026 cash flow, as forecasted by JMP Securities, the stock price could reach about $375. This hypothetical example shows the potential for SAP SE (NYSE:SAP) to grow if its financial performance can meet or exceed expectations. SAP SE (NYSE:SAP) is a German multinational software company with a leading position in enterprise applications and business AI. The company is one of the world's largest providers of enterprise resource planning software. While we acknowledge the potential of SAP 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 SAP and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
JMP Securities Maintains Market Perform Rating on SAP SE (SAP) Stock
On Friday, May 23, JMP Securities analyst Patrick Walravens reiterated a 'Market Outperform' rating on SAP SE (NYSE:SAP) with a steady $330 price target. The analyst pointed out that the stock is currently trading at a 2026 estimated enterprise value (EV) to revenue multiple of 7.5 times, and a 2026 estimated EV to free cash flow (FCF) multiple of 32 times. Walravens' price target of $330 indicates that SAP SE (NYSE:SAP) could be valued at an EV/revenue multiple of 8.3 times and a 2026 EV/FCF multiple of 35 times, which represents a premium of about 10% over the median multiple of SAP SE's (NYSE:SAP) peers. A data centre room with cloud technology, illustrating the enterprise application software services. According to the analyst, the premium is justified as the company has a large core market, strong backlog growth, and a solid leadership team. Walravens also described a hypothetical scenario where SAP SE's (NYSE:SAP) stock could rise even higher. If the market valued SAP at 40 times its estimated 2026 cash flow, as forecasted by JMP Securities, the stock price could reach about $375. This hypothetical example shows the potential for SAP SE (NYSE:SAP) to grow if its financial performance can meet or exceed expectations. SAP SE (NYSE:SAP) is a German multinational software company with a leading position in enterprise applications and business AI. The company is one of the world's largest providers of enterprise resource planning software. While we acknowledge the potential of SAP 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 SAP and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. 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
21-05-2025
- Business
- Yahoo
Citizens JMP Reiterates Market Perform Rating on NICE Ltd. (NICE)
On May 16, Patrick Walravens from Citizens JMP maintained a Market Perform rating on NICE Ltd. (NASDAQ:NICE) with a price target of $300, following the positive earnings during Q1 FY2025. The company posted revenue of $700.13 million, up 6% year-over-year, and earnings per share were logged at $2.87, both in line with analyst estimates. Walravens remains positive about NICE as the company's cloud revenue soared 12% year-over-year, driven by its growing AI offering, particularly the CXone Mpower platform. A financial analyst working away on her laptop surrounded by financial reports and charts. NICE CEO Scott Russell, mentioned that the company experienced a 39% increase in AI and self-service revenue in Q1. This shows NICE's robust development and alignment with market trends towards automation and AI-driven customer service solutions. NICE Ltd. has raised its full-year 2025 earnings guidance and expects it to be in the range of $12.28 and $12.48. For the second quarter of 2025, the company expects revenue between $709 million and $719 million, indicating a 7% growth from a year ago. NICE Ltd. (NASDAQ:NICE), along with its subsidiaries, provides cloud platforms for AI-driven business solutions. It integrates AI and ML in its core offerings, such as customer experience, workforce optimization solutions, and contact centers. While we acknowledge the potential of NICE 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 NICE and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
