Latest news with #ShrenikKothari
Yahoo
13 hours ago
- Business
- Yahoo
Baird Keeps Buy Rating on Palo Alto Networks (PANW), Reiterates PT
Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 14, Shrenik Kothari from Robert W. Baird maintained a Buy rating on Palo Alto Networks, Inc. (NASDAQ:PANW) with a price target of $230. The analyst noted that the company is heading into its fiscal fourth quarter with favorable conditions. Kothari expects the revenue and annual recurring revenue to grow significantly year-over-year due to easier comparison. Moreover, the company acquired CYBR, and the analyst believes that this strategically improves the company's platform. He also likes the current valuation of the company, making it an attractive risk/reward situation. A cutting-edge computer lab full of IT experts monitoring the security of multiple systems. Palo Alto Networks, Inc. (NASDAQ:PANW) provides AI-powered security solutions for networks, cloud environments, and security operations. While we acknowledge the potential of PANW 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.
Yahoo
29-06-2025
- Business
- Yahoo
Robert W. Baird Maintained a Buy Rating on the Stock, Keep the PT Unchanged
Rubrik, Inc. (NYSE:RBRK) is one of the . On June 11, Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on Rubrik, Inc. (NYSE:RBRK) with a price target of $110. The maintained bullish sentiment comes after the company posted a strong fiscal first quarter of 2026. The company delivered a revenue of $278.5 million, up 49% year-over-year and ahead of market consensus by $18.07 million. The negative EPS of $0.15 also topped expectations by $0.17. Rubrik, Inc. (NYSE:RBRK) grew its subscription ARR by 38% year-over-year to $1.18 billion as of April 30, 2025. A database administrator managing a large database, ensuring the client's data is secure. Analyst Kothari noted Rubrik, Inc. (NYSE:RBRK) remaining performance obligations have shown significant year-over-year and quarter-over-quarter increases, indicating a healthy pipeline of future revenue. Nearly half of these obligations are expected to be recognized as revenue in the next 12 months, reflecting strong future income visibility. Moreover, the analyst also liked the subscription revenue growth, which was driven by higher-than-anticipated new sales and renewals. Rubrik, Inc. (NYSE:RBRK) is a cloud data management company that provides a Zero Trust Data Security platform. It helps organizations against cyberattacks, malicious insiders, and operational disruptions. While we acknowledge the potential of RBRK 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
29-06-2025
- Business
- Yahoo
Robert W. Baird Raised the PT on JFrog (FRGO), Keeps a Buy Rating
JFrog Ltd. (NASDAQ:FROG) is one of the . On June 9, Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on JFrog Ltd. (NASDAQ:FROG) and raised the price target from $42 to $45. The price target upgrade is based on the positive response to the company's enterprise-focused market strategies. Kothari noted that the company is focused on targeting a greater number of larger customers as part of its enterprise-focused strategy. The analyst believes that this will increase average deal sizes and secure more multi-year contracts, thereby improving the overall profitability. Kothari also noted JFrog Ltd.'s (NASDAQ:FROG) integration with Hugging Face, noting it to be a significant step in artificial intelligence and machine learning strategy. The partnership enhances the security and trustworthiness of open-source ML models by providing 'JFrog Certified' scans. A corporate executive standing in front of a large monitor, demonstrating the DevOps package repository. Moreover, despite some challenges in cloud growth and billings comparisons, Kothari views JFrog Ltd.'s (NASDAQ:FROG) revised annual cloud growth target as achievable, backed by positive feedback from partners and customers. During the fiscal first quarter of 2025, the company delivered $122.4 million in revenue, up 22% year-over-year. The company expects full-year 2025 baseline cloud growth to now be in the range of 31% to 33%. JFrog Ltd. (NASDAQ:FROG) provides a comprehensive Software Supply Chain Platform that helps organizations manage, secure, and distribute software packages throughout the development lifecycle. It serves as a single system of record for all software packages, data, and machine learning models used and produced in the development process. While we acknowledge the potential of FROG 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. 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
26-06-2025
- Business
- Yahoo
Rubrik (RBRK) Rides Cloud Security Tailwinds, Baird Remains Bullish
Rubrik Inc. (NYSE:RBRK) is one of the top 10 stock picks from Harvard University's stock portfolio. It was among the three new stock positions initiated in the portfolio in Q1 2025, though the position is relatively small (0.7% of portfolio value) versus other stocks. That said, the stock is a strong performer with YTD gains of approximately 31% and around 190% over the last one year. On June 11, Shrenik Kothari of Robert W. Baird reiterated his Buy rating on the stock, maintaining a price target of $110. He pointed to continued strength in the company's financial indicators, particularly a steady rise in remaining performance obligations (RPO), both year-over-year and sequentially, a signal of sustained customer demand. An employee standing in front of a large data center, looking toward the future of cloud security. The company also appears to be converting a significant portion of deferred revenue into current income, reflecting solid revenue recognition practices and billing efficiency. The U.S. remains Rubrik's largest and fastest-growing market, playing a pivotal role in driving growth. While its revenue from channel partners has become slightly more diversified, those partnerships remain central to the company's go-to-market approach. The analyst added that rising subscription revenue across Rubrik's offerings reflects healthy customer uptake and growing interest. Altogether, these trends suggest the company's momentum is holding steady. As a result, Kothari remains upbeat, citing reliable performance indicators as the basis for his optimistic view. Rubrik Inc. (NYSE:RBRK) is a cloud data management and cybersecurity firm that offers the Rubrik Security Cloud, a unified SaaS platform combining backup, threat detection, ransomware recovery, and sensitive data monitoring across on-premises, cloud, and SaaS environments. While we acknowledge the potential of RBRK 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Best Tech Stocks to Buy According to Billionaires. 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
Business Insider
27-05-2025
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: SentinelOne (S) and Wisetech Global (OtherWTCHF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SentinelOne (S – Research Report) and Wisetech Global (WTCHF – Research Report) with bullish sentiments. Confident Investing Starts Here: SentinelOne (S) Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on SentinelOne yesterday and set a price target of $26.00. The company's shares closed last Friday at $19.76. According to Kothari is a top 100 analyst with an average return of 28.0% and a 76.9% success rate. Kothari covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software. Currently, the analyst consensus on SentinelOne is a Strong Buy with an average price target of $24.52, a 25.6% upside from current levels. In a report issued on May 20, Guggenheim also maintained a Buy rating on the stock with a $28.00 price target. Wisetech Global (WTCHF) UBS analyst Lucy Huang maintained a Buy rating on Wisetech Global today and set a price target of A$145.00. The company's shares closed last Thursday at $63.30. According to Huang is ranked #2238 out of 9562 analysts. Wisetech Global has an analyst consensus of Strong Buy, with a price target consensus of $79.15, which is a 25.2% upside from current levels. In a report issued on May 13, CLSA also maintained a Buy rating on the stock with a A$124.00 price target.
