Concur Tech Sees Solid Demand and 4 Stock Analyses Turning Heads
Hess Corporation (NYSE:HES): Current Price: $66.63
After Hess reported stronger Q4 results than predicted, Wells Fargo raised its valuation range on the stock on belief that the company’s international exploration potential will gain visibility. However, the firm does not believe that the company will generate meaningful production/earnings growth or free cash flow generation during the near term and it keeps its Sector Perform rating on the stock.
Parexel International Corp. (NASDAQ:PRXL): Current Price: $33.30
After PAREXEL reported lower than expected results, Wells Fargo is convinced that the company continues to be in the position to expand its margins. The firm is convinced that the stock’s decline yesterday represents an opportunistic entry point for investors who are confident in the company’s long-term fundamentals.
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Align Technology Inc. (NASDAQ:ALGN): Current Price: $31.04
The company’s price target was raised by Roth Capital following the company’s higher than expected Q1 revenue guidance. The firm has become more more confident that Align will be able to grow in the double digits along with showing sustainable profit expansion. Roth keeps its Buy rating on the stock.
Concur Technologies, Inc. (NASDAQ:CNQR): Current Price: $67.26
According to UBS, Concur has begun to see solid demand in all segments, especially the U.S. Federal government sector. The firm stated that Concur’s pricing is lower than legacy vendors and agencies have hurried to switch. The firm maintains its Buy rating on the stock.
ServiceNow, Inc. (NYSE:NOW): Current Price: $29.79
UBS decided to keep its Sell rating on ServiceNow due to valuation, decelerating growth, and the 90 million plus share lockup in 1H February. The firm gives the shares a price target of $30.
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