Goldman Sachs Upgrades Ariba (ARBA) to Conviction Buy
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Price: $44.80 --0%
Rating Summary:
3 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Ariba (NASDAQ: ARBA) from Neutral to Conviction Buy with a price target of $40 (up from $34) saying the underlying acceleration to become visible.
The firm cited improving fundamentals with increased adoption of B2B connectivity and SaaS, favorable catalyst pipeline after March results with accelerating growth
and margin expansion, and increased likelihood of M&A.
For an analyst ratings summary and ratings history on Ariba click here. For more ratings news on Ariba click here.
Shares of Ariba closed at $30.64 yesterday.
The firm cited improving fundamentals with increased adoption of B2B connectivity and SaaS, favorable catalyst pipeline after March results with accelerating growth
and margin expansion, and increased likelihood of M&A.
For an analyst ratings summary and ratings history on Ariba click here. For more ratings news on Ariba click here.
Shares of Ariba closed at $30.64 yesterday.
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