Xactly Corporation (XTLY): Checks Increase Confidence - Needham

October 10, 2016 9:51 AM EDT
Get Alerts XTLY Hot Sheet
Price: $13.25 +0.38%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Needham & Company analyst, Scott Berg, reiterated his Buy rating on shares of XACTLY Corp (NYSE: XTLY) after performing industry checks while attending the Dreamforce conference.

The analyst found a tremendous amount of customer interest in the company’s analytics and the newer learning/on-boarding solution. The analyst believes the enhanced functionality and product innovation can drive incremental ARPU growth over the near term, driving longer-term sustainable growth.

Incentive compensation and CPQ integration appears to be driving incremental demand for Xactly. The analyst heard from several newer customers, some still in the implementation phase, that indicated they have selected Xactly because of the integration with Steelbrick’s (a Salesforce company) CPQ solution.

No change to the price target of $18.

For an analyst ratings summary and ratings history on XACTLY Corp click here. For more ratings news on XACTLY Corp click here.

Shares of XACTLY Corp closed at $14.88 yesterday.

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