Stifel Nicolaus Starts Stock Coverage on TIBCO Software (TIBX)

By admin | 6 years ago

Equities research analysts at Stifel Nicolaus initiated coverage on shares of TIBCO Software (NASDAQ: TIBX) in a research note issued to investors on Friday. The firm set a “buy” rating and a $38.00 price target on the stock.

A number of other analysts have also recently weighed in on TIBX. Analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of TIBCO Software in a research note to investors on Wednesday, April 4th. They set a “market perform” rating and a $35.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of TIBCO Software in a research note to investors on Tuesday, April 3rd. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of TIBCO Software to $30.00 in a research note to investors on Friday, March 30th.

TIBCO Software traded down 1.16% on Friday, hitting $32.32. TIBCO Software has a 52-week low of $18.43 and a 52-week high of $34.67. The company has a market cap of $5.218 billion and a price-to-earnings ratio of 48.02.

TIBCO Software last posted its quarterly earnings results on Thursday, March 29th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. TIBCO Software’s revenue was up 21.8% compared to the same quarter last year. Analysts expect that TIBCO Software will post $0.27 EPS next quarter.

TIBCO Software Inc. (TIBCO) is a provider of middleware and infrastructure software. The Company’s software platform enables customers to create applications from infrastructure and deliver real-time and actionable insights.

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