Loading...
Loading...
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on TIBCO Software
TIBX, but lowered its price target from $36.00 to $25.00.
Jefferies noted, “Weakness seen throughout the BI / data analytics sub-sector finally caught up with TIBX with a 4Q miss. Recent data points have suggested a more challenging spend environment as customers appear to be holding back and TIBX saw particular impact within its core Infrastructure business. We believe somewhat soft results may have been expected, but with the full sub-sector facing growth challenges, a quick recovery may be difficult.”
TIBCO Software closed on Tuesday at $21.08.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in