Latest news with #DerrickWood
Business Insider
14 hours ago
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Workday (WDAY)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Buy rating on Workday (WDAY – Research Report). The company's shares closed last Wednesday at $236.88. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wood is a 5-star analyst with an average return of 13.6% and a 59.07% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Atlassian. Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $296.93. Based on Workday's latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.24 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $107 million
Yahoo
06-06-2025
- Business
- Yahoo
ServiceNow (NOW) Hits $1.1B in Workflow Revenue, Rides Generative AI Wave
We recently published a list of . In this article, we are going to take a look at where ServiceNow, Inc. (NYSE:NOW) stands against other AI stocks on Wall Street's radar. On June 2nd, TD Cowen analyst Derrick Wood raised the price target on ServiceNow, Inc. (NYSE:NOW) to $1,150.00 (from $1,100.00) while maintaining a 'Buy' rating. The price target revision follows ServiceNow's recent Technology, Media, and Telecom (TMT) Conference in New York City, where its General Manager and Senior Vice President of Core Business Workflows, Josh Kahn, was hosted. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. The conference highlighted how the company's Business Workflows product group has reached $1.1 billion in annual recurring revenue, boasting a growth of approximately 40% in net new annual contract value in the last quarter. One of the reasons for the growth has been the strong traction with ServiceNow Assist and the Generative AI upgrade cycle. The analysts noted how the company is also employing new bundling strategies for its Back Office products, which will increase product attachment rates and result in greater engagement with C-level executives. Overall, the firm reiterated its confidence in ServiceNow, highlighting its potential for sustained growth and innovation in product offerings. ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-06-2025
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Braze (BRZE)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Buy rating on Braze (BRZE – Research Report), with a price target of $47.00. Confident Investing Starts Here: According to TipRanks, Wood is a 5-star analyst with an average return of 15.0% and a 62.40% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Domo. In a report released on May 30, Stifel Nicolaus also maintained a Buy rating on the stock with a $45.00 price target. BRZE market cap is currently $3.97B and has a P/E ratio of -36.06. Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRZE in relation to earlier this year. Last month, Jonathan Hyman, the CTO of BRZE sold 9,197.00 shares for a total of $329,988.36.
Business Insider
03-06-2025
- Business
- Business Insider
New Buy Rating for Samsara (IOT), the Technology Giant
TD Cowen analyst Derrick Wood maintained a Buy rating on Samsara (IOT – Research Report) yesterday and set a price target of $51.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wood is a 5-star analyst with an average return of 15.0% and a 62.40% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Domo. In addition to TD Cowen, Samsara also received a Buy from BMO Capital's Daniel Jester in a report issued yesterday. However, on the same day, Craig-Hallum assigned a Hold rating to Samsara (NYSE: IOT). The company has a one-year high of $61.90 and a one-year low of $27.14. Currently, Samsara has an average volume of 4.43M. Based on the recent corporate insider activity of 243 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Most recently, in March 2025, Dominic Phillips, the EVP, CFO of IOT sold 54,134.00 shares for a total of $2,089,223.66.
Business Insider
02-06-2025
- Business
- Business Insider
TD Cowen Reaffirms Their Hold Rating on Domo (DOMO)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Hold rating on Domo (DOMO – Research Report), with a price target of $13.00. Confident Investing Starts Here: Wood covers the Technology sector, focusing on stocks such as Domo, Oracle, and ServiceNow. According to TipRanks, Wood has an average return of 15.0% and a 62.40% success rate on recommended stocks. In addition to TD Cowen, Domo also received a Hold from D.A. Davidson's Alex Platt in a report issued on May 22. However, on May 28, Cantor Fitzgerald reiterated a Buy rating on Domo (NASDAQ: DOMO). Based on Domo's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $78.77 million and a GAAP net loss of $17.68 million. In comparison, last year the company earned a revenue of $80.18 million and had a GAAP net loss of $18.69 million Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOMO in relation to earlier this year. Most recently, in March 2025, David R Jolley, a Director at DOMO sold 25,000.00 shares for a total of $207,750.00.
