Barclays on U.S. Software: Vertical SaaS Vendors: Under-Appreciated Group with Growth Opportunity
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Price: $5.10 --0%
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Barclays on U.S. Software: Vertical SaaS Vendors: Under-Appreciated Group with Growth Opportunity
Analyst, Raimo Lenschow, said, "We are initiating coverage on Tangoe (Nasdaq: TNGO) (OW-rated, PT: $26), the market leader in the telecom expense management space and Ellie Mae (Nasdaq: ELLI) (OW-rated, PT: $17) the leader in the mortgage processing market. We are also raising our price target for DealerTrack (EW-rated, PT: $32), the leading provider in the automotive dealer management space. Finally, we are downgrading Cornerstone (Nasdaq: CSOD) (from 1-OW to 2-EW, PT: $21) for valuation reasons."
Lenschow sees Tangoe as a market leader with large opportunities by servicing all types of corporations.
For Ellie Mae, Lenschow, sees the company benefitting from mortgage volumes recoveries.
DealerTrack - Opportunities to grow in the auto dealership arena as well as financial institutions
As for Cornerstone - limited upside surprises after recent move (shares moved from around $13 to $21 in the past six months)
Analyst, Raimo Lenschow, said, "We are initiating coverage on Tangoe (Nasdaq: TNGO) (OW-rated, PT: $26), the market leader in the telecom expense management space and Ellie Mae (Nasdaq: ELLI) (OW-rated, PT: $17) the leader in the mortgage processing market. We are also raising our price target for DealerTrack (EW-rated, PT: $32), the leading provider in the automotive dealer management space. Finally, we are downgrading Cornerstone (Nasdaq: CSOD) (from 1-OW to 2-EW, PT: $21) for valuation reasons."
Lenschow sees Tangoe as a market leader with large opportunities by servicing all types of corporations.
For Ellie Mae, Lenschow, sees the company benefitting from mortgage volumes recoveries.
DealerTrack - Opportunities to grow in the auto dealership arena as well as financial institutions
As for Cornerstone - limited upside surprises after recent move (shares moved from around $13 to $21 in the past six months)
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