Oppenheimer Upgrades Ariba (ARBA) to Outperform

November 29, 2011 7:06 AM EST
Get Alerts ARBA Hot Sheet
Price: $44.80 --0%

Rating Summary:
    3 Buy, 5 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 21
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Oppenheimer upgraded Ariba (NASDAQ: ARBA) from Perform to Outperform with a price target of $36.00.

The firm said they are increasingly confident that "ASN strength, healthy deal metrics, and record backlogs can enable ARBA to reach its goal of managing $1T in B2B spend within five years."

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 $28.68 yesterday.


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