Mizuho Securities USA Believes Acquisition Potential is Likely Overstated for TIBCO Software

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In a report published Tuesday, Mizuho Securities USA analyst Abhey Lamba reiterated a Neutral rating and $18.00 price target on

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TIBCO Software

(NASDAQ: TIBX).In the report, Mizuho Securities USA noted, “TIBCO will report its results on Thursday after the close. We expect revenues and EPS to be slightly below consensus but near the lower-end of the outlook range. Our checks continue to uncover challenges in the Spotfire business and it has tough compares. We expect guidance to be slightly below consensus as well. The stock is trading on a potential acquisition, which we believe is unlikely to materialize. We remain on the sidelines as barring an acquisition; it is tough to see the stock move higher while lower valuation will offer support on the downside.”TIBCO Software closed on Monday at $21.49.