UPDATE: Jefferies Raises PT to $27 on TIBCO Software Ahead of FQ1 Report
Jefferies maintained TIBCO Software (NASDAQ: TIBX) with a Buy rating and raised the price target from $25.00 to $27.00.
Jefferies analyst Aaron Schwartz noted, "Our checks were constructive on growth areas including Spotfire and BusinessEvents and we look for a degree of catch-up revenue contribution in the core infrastructure area to counter more mixed data points within the segment. In aggregate, we look for modest F1Q upside, which is likely needed to support 2Q estimates, and believe greater license 0utperformance will come throughout the year. TIBX will report F1Q results on March 21."
TIBCO Software closed at $23.66 on Monday.
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