Color on Goldman Upgrade of Tibco (TIBX)

Goldman Sachs upgrades Tibco Software Inc. (Nasdaq: TIBX) from Neutral to Buy, citing macro and competitive issues have now been baked into the stock at current valuations. Further, the firm also believes potential upside exists as possible M&A action could boost the stock. Finally, Goldman called Tibco's client base "strong".

Elsewhere on the analyst front, Broadpoint.AmTech started coverage on Tibco with a Buy, saying valuation is now "too cheap to ignore". The firm has a $10 price target on Tibco's stock.

Shares of Tibco are currently trading about 12.7% higher on the positive analyst notes. The stock most recently traded at $5.60, representing upside of nearly 80% based on AmTech's price target.

In order to see all the analyst action on Tibco, visit our Analyst Rating page for the stock.

You May Also Be Interested In

• Freedom Broker Upgrades John B. Sanfilippo & Son, Inc. (JBSS) to Buy
• Deutsche Bank Upgrades Target Hospitality (TH) to Buy
• JPMorgan Upgrades BWP Trust (BWP:AU) to Neutral