SurveyMonkey (SVMK) Tops Q3 EPS by 4c, Revenues Beat; Offers FY18 Revenue Guidance Above Consensus

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Wells Fargo Starts SurveyMonkey (SVMK) at Outperform

November 13, 2018 5:23 AM EST

Wells Fargo analyst Ivy Cong initiates coverage on SurveyMonkey (NASDAQ: SVMK) with a Outperform rating and a price target of $13.00.

The analyst comments "As an established category leader from an efficient self-serve revenue model to a growth story driven by expanding enterprise... More

SurveyMonkey (SVMK) Gains as SAP Acquires Qualtrics for $8B

November 12, 2018 3:50 PM EST

SurveyMonkey (NASDAQ: SVMK) is bucking the market downdraft Monday after competitor Qualtrics was acquired by SAP for $8 billion, an EV/2019 multiple of 14x. SurveyMonkey is gaining 6.7% amid the news. SurveyMonkey has a market cap of $1.43 billion.

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