UPDATE: Credit Suisse Initiates Jive Software at Outperform
Credit Suisse initiated coverage on Jive Software (NASDAQ: JIVE) at an Outperform rating and a $24 price target.
Credit Suisse commented, “We believe that, over the next two to three years, Jive can further expand its lead in the enterprise social software (ESS) market, but also take share from the collaboration applications market, which may imply that consensus expectations could be too low. If JIVE can't continue to take share, or if its growth falters, we believe that it will be acquired for its strong technology platform.”
Jive Software closed at $19.61 on Friday.
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