27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Citigroup reshuffled its coverage of big data and analytics software stocks, initiating four stocks — including two new top picks — and updating their views on another four.
The Analyst
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analyst Tyler Radke assumed coverage of the group and named Alteryx Inc (NYSE:AYX), Tableau Software Inc (NYSE:DATA) and Talend SA ADR (NASDAQ:TLND) as top picks.
The Thesis
No. 1 on the list is Alteryx, given its “best-in-class” customer expansion rates and new artificial intelligence and machine learning products, Radke said. Customer expansion is expected to exceed 130 percent, driving top-line growth of more than 40 percent, the analyst said. (See Radke's track record here.)
The risk to Alteryx tied to the release of Tableau Prep is overblown, presenting an opportunity to buy, Radke said. Short interest in the stock is around 23 percent of float compared to only 6 percent in January.
For its part, Tableau’s transition toward its subscription model is expected to be in “full swing” in fiscal 2019, driving a new acceleration in revenue, margins and free cash flow, Radke said.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
“Recent fieldwork gives us incremental confidence in continued strong growth as organizations standardize on Tableau,” the analyst said, adding that his estimates are “well above the Street.”
Talend, although not the biggest growth opportunity, “checked the most boxes” in Radke’s review and is seen as the least risky of the three.
“We think cloud industry tailwinds only continue to strengthen where Talend is well-positioned.”
The Ratings
- Alteryx Inc (NYSE:AYX) initiated at Buy, $57 price target.
- Cloudera Inc (NYSE:CLDR) reiterated at Buy, $21 price target.
- Hortonworks Inc (NASDAQ:HDP) initiated at Buy, $27 price target.
- MicroStrategy Incorporated (NASDAQ:MSTR) reiterated at Neutral, $144 price target.
- Mongodb Inc (NASDAQ:MDB) initiated at Neutral, $56 price target.
- Tableau Software Inc (NYSE:DATA) reiterated at Buy, price target raised from $107 to $123.
- Talend SA ADR (NASDAQ:TLND) upgraded from Neutral to Buy, price target raised from $50 to $72.
- Teradata Corporation (NYSE:TDC) initiated at Neutral, $42 price target.
Related Links:
3 Reasons Why Oppenheimer Is Bullish On Alteryx
Micron's Latest Earnings Call Was A 'Body Blow To The Bears': Analysts Weigh In
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.