Latest news with #TylerRadke
Globe and Mail
3 days ago
- 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.
Yahoo
4 days ago
- Business
- Yahoo
Citi Raises Autodesk (ADSK) Price Target, Maintains Buy Rating
On Tuesday, May 27, Citi analyst Tyler Radke increased the price target on Autodesk, Inc. (NASDAQ:ADSK) from $374 to $376 and kept a 'Buy' rating. This adjustment came after the company reported financial results for Q1 of fiscal 2026. According to Radke, the results were solid and showed a good balance of growth and margin performance. A software engineer using AutoCAD Civil 3D to create a 3D design in a modern office setting. During the quarter, Autodesk, Inc. (NASDAQ:ADSK) reported that it renewed several large Enterprise Business Agreements, with customers increasing their use of products like Autodesk Construction Cloud, Revit, and Fusion. The company continued the rollout of the transaction-based model, which helped improve margin efficiency. This led to an increase in targets for the company's annual operating margin and free cash flow. Despite this impressive performance in Q1 of fiscal 2026, Autodesk, Inc. (NASDAQ:ADSK) kept its full-year revenue forecast but adjusted its billing targets to reflect account currency changes and the transaction-based model. According to Citi, the updated outlook seems reasonable given the current economic environment. Citi's analysis noted that Autodesk, Inc.'s (NASDAQ:ADSK) outlook is more optimistic than the conservative guidance provided by other companies in the vertical software market. Autodesk, Inc. (NASDAQ:ADSK) is a global software corporation that provides software products and services for the architecture, engineering, construction, product design, manufacturing, media, and entertainment industries. While we acknowledge the potential of ADSK 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 ADSK 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
4 days ago
- Business
- Yahoo
Citi Raises Autodesk (ADSK) Price Target, Maintains Buy Rating
On Tuesday, May 27, Citi analyst Tyler Radke increased the price target on Autodesk, Inc. (NASDAQ:ADSK) from $374 to $376 and kept a 'Buy' rating. This adjustment came after the company reported financial results for Q1 of fiscal 2026. According to Radke, the results were solid and showed a good balance of growth and margin performance. A software engineer using AutoCAD Civil 3D to create a 3D design in a modern office setting. During the quarter, Autodesk, Inc. (NASDAQ:ADSK) reported that it renewed several large Enterprise Business Agreements, with customers increasing their use of products like Autodesk Construction Cloud, Revit, and Fusion. The company continued the rollout of the transaction-based model, which helped improve margin efficiency. This led to an increase in targets for the company's annual operating margin and free cash flow. Despite this impressive performance in Q1 of fiscal 2026, Autodesk, Inc. (NASDAQ:ADSK) kept its full-year revenue forecast but adjusted its billing targets to reflect account currency changes and the transaction-based model. According to Citi, the updated outlook seems reasonable given the current economic environment. Citi's analysis noted that Autodesk, Inc.'s (NASDAQ:ADSK) outlook is more optimistic than the conservative guidance provided by other companies in the vertical software market. Autodesk, Inc. (NASDAQ:ADSK) is a global software corporation that provides software products and services for the architecture, engineering, construction, product design, manufacturing, media, and entertainment industries. While we acknowledge the potential of ADSK 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 ADSK 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.
Yahoo
26-05-2025
- Business
- Yahoo
Citi Maintains a Hold Rating on Salesforce (CRM), Cuts PT
In a report released on May 23, Tyler Radke from Citi maintained a Hold rating on Salesforce, Inc. (NYSE:CRM) and lowered its price target to $320 from $335. The rating comes ahead of the company's Q1 2026 earnings release on May 28. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analyst reasoned that the overall demand for the company's offerings is showing mixed signals. While interest in Agentforce, the company's agentic AI platform, is strong, the analyst said its current impact is limited. The core CRM demand suggests variability, as some areas are undergoing a decline while others grow. This can be seen in Salesforce, Inc.'s (NYSE:CRM) fiscal Q4 2025 results, where it surpassed EPS but fell short of revenue. It reported an EPS of $2.78 adjusted compared to the expected $2.61, while revenue was $9.99 billion compared to the expected $10.04 billion. The analyst also said that the company is focusing on enhancing transparency and simplifying pricing. However, the effects of these initiatives are yet to materialize. Radke expects revenue growth for Salesforce, Inc. (NYSE:CRM) to remain in the high-single-digits. The top-of-funnel demand and overall engagement, however, appears weaker to him. He is thus looking for more substantial data on commercialization and wider rollouts before adopting a more optimistic sentiment for the stock and its growth prospects. 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 the . 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
25-05-2025
- Business
- Yahoo
Citi Maintains a Hold Rating on Salesforce (CRM), Cuts PT
In a report released on May 23, Tyler Radke from Citi maintained a Hold rating on Salesforce, Inc. (NYSE:CRM) and lowered its price target to $320 from $335. The rating comes ahead of the company's Q1 2026 earnings release on May 28. A customer service team in an office setting using the company's Customer 360 platform to communicate with customers. The analyst reasoned that the overall demand for the company's offerings is showing mixed signals. While interest in Agentforce, the company's agentic AI platform, is strong, the analyst said its current impact is limited. The core CRM demand suggests variability, as some areas are undergoing a decline while others grow. This can be seen in Salesforce, Inc.'s (NYSE:CRM) fiscal Q4 2025 results, where it surpassed EPS but fell short of revenue. It reported an EPS of $2.78 adjusted compared to the expected $2.61, while revenue was $9.99 billion compared to the expected $10.04 billion. The analyst also said that the company is focusing on enhancing transparency and simplifying pricing. However, the effects of these initiatives are yet to materialize. Radke expects revenue growth for Salesforce, Inc. (NYSE:CRM) to remain in the high-single-digits. The top-of-funnel demand and overall engagement, however, appears weaker to him. He is thus looking for more substantial data on commercialization and wider rollouts before adopting a more optimistic sentiment for the stock and its growth prospects. 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 the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
