Limelight Networks upgraded to Buy from Hold at Craig-Hallum 07:38 LLNW Craig-Hallum analyst Jeff Van Rhee upgraded Limelight Networks to Buy from Hold with a price target of $4.00, up from $3.50. Van Rhee sees the current valuation and sentiment as reflecting near-peak or peak pessimism and finds current numbers more credible than is implied in shares, the analyst tells investors in a research note. Additionally, he is a believer that the base business has been stabilized and is increasingly convinced in the logic of the move to pivot into the AppOpps space.
SailPoint initiated with a Buy at DA Davidson 17:01 SAIL DA Davidson analyst Rudy Kessinger initiated coverage of SailPoint with a Buy rating and $62 price target. Identity Governance & Administration is becoming more business critical than ever, Kessinger told investors in a research note, adding that it is a $20B+ total available market that is just over 1% penetrated by SailPoint. Additionally, the analyst cited other catalysts for the best-of-breed company, including new AI products that can yield a meaningful average revenue per user uplift are in the early innings of adoption, a model transition to recurring revenue that is nearly complete, and conservative guidance and likely upside to Q3 results.
SailPoint initiated with a Buy at DA Davidson 17:01 SAIL DA Davidson analyst Rudy Kessinger initiated coverage of SailPoint with a Buy rating and $62 price target. Identity Governance & Administration is becoming more business critical than ever, Kessinger told investors in a research note, adding that it is a $20B+ total available market that is just over 1% penetrated by SailPoint. Additionally, the analyst cited other catalysts for the best-of-breed company, including new AI products that can yield a meaningful average revenue per user uplift are in the early innings of adoption, a model transition to recurring revenue that is nearly complete, and conservative guidance and likely upside to Q3 results.
