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UPDATE: Piper Jaffray Cuts PT to $9 on Sapient Corporation on Weak Guidance

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UPDATE: Stifel Raises PT on Sapient Corporation Following Management Lunch
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Piper Jaffray reiterated its Neutral rating on Sapient Corporation (NASDAQ: SAPE) but reduced its price target from $10 to $9.

Piper Jaffray noted, "Investors should expect the lower-end of Sapient's FY12 revenue guide-down and subsequently down y/y operating margin leverage. SapientNitro pipeline is clearly not converting in Q3 and on top of already tough y/y compares, we see little change in the economic environment to reverse course in Q4. And while Global Markets appears to be on a bit firmer ground with easier compares entering 2H12, the segment is not immune to continued economic malaise and likely delivers muted 2H12 growth at best."

Sapient Corporation closed at $10.12 on Tuesday.

Latest Ratings for SAPE

DateFirmActionFromTo
Jul 2013Raymond JamesDowngradesOutperformMarket Perform
Feb 2013CitigroupDowngradesBuyNeutral
Feb 2013William BlairDowngradesOutperformMarket Perform

View More Analyst Ratings for SAPE
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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