After attending day one of the 10th annual Emerging Technology Summit, analysts
at Pacific Crest released a report giving their take on the outlook for 11 names that presented at the conference.
Here’s what analysts had to say:
1. VMware Inc VMW 0.59%
Rating: Outperform
Target: $105
The underlying business seems to be hitting its stride, and analysts see increased customer interest in the software-defined network business.
2. NetApp Inc NTAP 1.97%
Rating: Sector Perform
Analysts see the company as well-positioned regardless of the “cloud threat” because of the company’s ability to manage data traffic as is moves to and from the cloud.
3. FireEye Inc FEYE 0.21%
Rating: Sector Perform
Analysts are excited about the company’s position as a potential global security leader, but they are cautious on the stock because of the intense competition in the space and the company’s aggressive cash-spending practices.
4. Tableau Software Inc DATA 3.68%
Rating: Outperform
Target: $110
Analysts point to several reasons they like the stock, including strong customer acquisition rate, successful international penetration and an increasing number of large deals.
5. MercadoLibre Inc MELI 0.53%
Rating: Sector Perform
Analysts like management’s execution of the business plan, but with the stock currently priced at a “high premium,” they are waiting for a better entry point.
6. Pandora Media Inc P 0.19%
Rating: Outperform
Target: $20
The company believes that the expanding mobile environment will be a positive because it is more controlled by publishers who have third-party data. Incremental margins and monetization traction still remain uncertain at this point.
7. Criteo SA CRTO 0.07%
Rating: Outperform
Target: $55
Analysts see multiple avenues of expansion for the company, including email, social and offline.
8. Nimble Storage Inc NMBL 0.63%
Rating: Outperform
Target: $44
The company is now cash-flow positive, it is experiencing an uptick in large deals and customer acquisition trends are improving.
9. 21Vianet Group Inc VNET 0.3%
Rating: Outperform
Target: $27
Analysts believe that demand is strong in the fledgling cloud services business, and they feel that the company provides the best quality services in the competitive space.
10. 2U Inc TWOU 0.96%
Rating: Outperform
Target: $24
Analysts believe that the company’s partnerships with high-quality schools differentiate it from many of its for-profit peers.
11. Covisint Corp COVS 3.73%
Rating: Sector Perform
The company’s full management transition is now complete, and the immediate focus will be on reaching the break-even point on cash flow.
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