Market Overview

UPDATE: Goldman Sachs Upgrades Sapient Corporation to Neutral on Stabilized Enterprise Spending

Related SAPE
UPDATE: Stifel Raises PT on Sapient Corporation Following Management Lunch
The Biggest Winners And Losers You May Have Missed Wednesday

Goldman Sachs upgraded Sapient Corporation (NASDAQ: SAPE) from Sell to Neutral and announced a $11.00 price target.

Goldman Sachs noted, "While SAPE has more of a hybrid model that includes digital marketing (SapientNitro 69.2% of 2012E revenue) along with more traditional consulting (Global Markets and Government 30.8% of 2012E revenue). In our downgrade in June of this year, we highlighted SAPE's exposure to European spending (36.4% of 2012E revenue) and financial services (30.4% of 2012E revenue) as a key concerns heading into the back half of the year. Though the company's exposure remains high to both these segments, spending from these clients has snapped back sooner than expected and appears more resilient then we had forecasted."

Sapient Corporation closed at $11.14 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: Goldman SachsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (SAPE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters