Benchmark Upgrades Saba Software (SABA) to Buy; Recent Event Gives Us Increasing Confidence
Tweet
Share
E-mailGet Alerts SABA Hot Sheet
Price: $8.29 -0.12%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Join SI Premium – FREE
Benchmark upgraded Saba Software (NASDAQ: SABA) from Hold to Buy with a price target of $16.00.
Analyst, Mark W. Schappel, said, "We are upgrading our rating on SABA following the Company’s positive user event and analyst meeting. We believe that this is an appropriate time to reengage the story, since we believe several factors needed to move the stock appear to be in place today and we think they’re sustainable over the medium-term...we still think there is plenty of appreciation potential, particularly because the market has not fully factored in SABA's increasing visibility from its cloud-based subscription model and product architecture, in our opinion."
For an analyst ratings summary and ratings history on Saba Software click here. For more ratings news on Saba Software click here.
Shares of Saba Software closed at $11.99 yesterday.
Analyst, Mark W. Schappel, said, "We are upgrading our rating on SABA following the Company’s positive user event and analyst meeting. We believe that this is an appropriate time to reengage the story, since we believe several factors needed to move the stock appear to be in place today and we think they’re sustainable over the medium-term...we still think there is plenty of appreciation potential, particularly because the market has not fully factored in SABA's increasing visibility from its cloud-based subscription model and product architecture, in our opinion."
For an analyst ratings summary and ratings history on Saba Software click here. For more ratings news on Saba Software click here.
Shares of Saba Software closed at $11.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Northland Upgrades Similarweb Ltd (SMWB) to Outperform
- Macquarie Upgrades Hankook Tire Co Ltd (161390:KS) to Outperform
- Citizens Upgrades Okta, Inc (OKTA) to Market Outperform
Create E-mail Alert Related Categories
UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
