Latest news with #TylerRadke
Business Insider
15-07-2025
- Business
- Business Insider
Progress Software (PRGS) Gets a Hold from Citi
Citi analyst Tyler Radke maintained a Hold rating on Progress Software yesterday and set a price target of $57.00. The company's shares closed yesterday at $48.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Radke is a 4-star analyst with an average return of 5.9% and a 50.39% success rate. Radke covers the Technology sector, focusing on stocks such as Microsoft, CoreWeave, Inc. Class A, and Adobe. In addition to Citi, Progress Software also received a Hold from Jefferies's Brent Thill in a report issued on July 3. However, on July 1, D.A. Davidson reiterated a Buy rating on Progress Software (NASDAQ: PRGS). Based on Progress Software's latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $237.36 million and a net profit of $17.03 million. In comparison, last year the company earned a revenue of $175.08 million and had a net profit of $16.19 million
Yahoo
14-06-2025
- Business
- Yahoo
Citi Opens Positive Catalyst Watch on Microsoft (MSFT), Sees $605 Price Target on Strong Azure Outlook
Microsoft Corporation (NASDAQ:MSFT) is one of the . On June 11, Citi opened a positive catalyst watch on Microsoft. The firm said estimates for the company's Azure are too low. Its analyst, Tyler Radke, reiterated a 'Buy' rating on the stock with a $605.00 price target. 'We open a positive catalyst watch on MSFT with our view that Street Azure estimates are too low for FY26. This is supported by exit rate math and capex ROI analysis which supports Azure growth in the mid-to-high 30s% and recent read-throughs and positive checks. We believe the catalyst will be F'4Q25 earnings when FY26 guidance is announced and beyond as both Microsoft and OpenAI AI revenue continues to ramp.' A financial analyst working away on her laptop surrounded by financial reports and charts. Microsoft remains the firm's 'top pick in software given its relative defensiveness in a choppy macro environment, AI product cycle, and our reinforced conviction that Street estimates on Azure may be too low for FY26.' The firm has raised its base case estimate, now seeing '36.1% y/y cc FY26 Azure growth (vs. consensus at 32.1% y/y),' thereby raising its price target. Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. While we acknowledge the potential of MSFT 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
Globe and Mail
13-06-2025
- Business
- Globe and Mail
Palantir Is Not the Next $1 Trillion Stock. Here's Why Citi Just Hit the Brakes
Palantir's (PLTR) rally hasn't just been about fundamentals, it's been fueled by AI hype. But Citi just issued a sobering reality check. 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 In a new research note, analyst Tyler Radke reiterated a Neutral rating and $115 price target, warning investors not to get too far ahead of fundamentals. This isn't a hit piece, but it is a pointed reminder that a compelling story doesn't always mean a compelling valuation. Citi's Sit-Down with Palantir: What's Working, What's Worrying Citi (C) recently sat down with Palantir management. The company was upbeat, especially about the adoption of its Artificial Intelligence Platform (AIP). This platform integrates Palantir's traditional data tools with generative AI models. It's their hot new product—and yes, it's growing. But Radke didn't bite on the optimism. Why? Because growth in one segment doesn't erase structural concerns. The financial services division, once a weak spot, just landed Citi itself as a client. That's symbolic. But for the valuation Palantir trades at, symbolic wins aren't enough. Palantir Faces Government Risk as Trump Disrupts Federal Spending Palantir has long been seen as a government contractor juggernaut. But even that engine is showing signs of strain. Citi notes that government deal flow has grown volatile in recent months due to budget cuts and personnel shakeups tied to the Trump administration. There's some speculative chatter around Palantir's potential involvement in the Golden Dome missile-defense initiative. But the company stayed vague. Translation: there's no confirmed revenue from that yet. Hope isn't a business model. Why Palantir's Valuation Doesn't Add Up Palantir is trading at nosebleed levels. Its forward P/E ratio is over 210. The S&P 500? Around 22. The market is pricing in near-perfect execution and a pipeline of massive, recurring deals. Radke flagged the danger clearly: if those contracts don't land, this valuation collapses under its own weight. Even more damning is the enterprise value-to-sales ratio of nearly 72. For context, Radke notes that software companies trading above 50x EV/sales historically underperform. In plain English: history is not on Palantir's side. What Is the Target Price for Palantir? If Citi's note wasn't sobering enough, the broader Wall Street picture only sharpens the warning. According to TipRanks, the average 12-month price target for Palantir stock sits at $102.44. That's a 24.4% downside from where it currently trades. Even more telling: only three analysts out of 18 rate the stock a Buy. The majority, 11 analysts, say Hold, while four recommend Sell. That's a lukewarm endorsement at best, and an outright vote of skepticism at worst. See more PLTR analyst ratings
Yahoo
06-06-2025
- Business
- Yahoo
Elastic N.V. (ESTC) Sees Price Target Cut on Weak Federal Growth, But Generative AI Still a Bright Spot
We recently published a list of . In this article, we are going to take a look at where Elastic NV. (NYSE:ESTC) stands against other AI stocks on Wall Street's radar. On June 2nd, Citi analyst Tyler Radke lowered the price target on Elastic NV. (NYSE: ESTC) to $125.00 (from $160.00) while maintaining a 'Buy' rating. The price target cut follows Elastic's mixed fourth quarter results, particularly weak performance in the federal sector that led to a smaller-than-expected earnings beat. The initial guidance for fiscal year 2026 was also slightly below expectations, with analysts hinting at the Chief Financial Officer's commentary related to a potential (further) deterioration in the macroeconomic environment beyond what Elastic has experienced as yet. A group of software engineers working in an open, futuristic office. Citi analysts further observed that net revenue retention (NRR) and billings growth remained stable for Elastic in comparison to the previous quarter, reflecting underlying growth in the mid-to-high teens. As such, the company has the potential to exceed its guidance, they noted. They further adjusted their estimates down by two percentage points. However, they remain optimistic about the stock due to reasonable enterprise value to free cash flow multiples and the likelihood of increased monetization of Generative AI, justifying the buy rating. Elastic N.V. is a search AI company offering cloud-based solutions. 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
Globe and Mail
30-05-2025
- Business
- Globe and Mail
Citi Keeps Their Hold Rating on Salesforce (CRM)
In a report released today, Tyler Radke from Citi maintained a Hold rating on Salesforce (CRM – Research Report), with a price target of $295.00. The company's shares opened today at $263.59. 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, Radke is a 4-star analyst with an average return of 6.4% and a 52.80% success rate. Radke covers the Technology sector, focusing on stocks such as Microsoft, Adobe, and Autodesk. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $352.26 average price target, which is a 33.64% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $275.00 price target. The company has a one-year high of $369.00 and a one-year low of $212.00. Currently, Salesforce has an average volume of 6.76M. Based on the recent corporate insider activity of 230 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 CRM in relation to earlier this year. Last month, Srinivas Tallapragada, the Chief Eng of CRM sold 9,742.00 shares for a total of $2,467,648.60.
