Benchmark is out with its report today on Saba Software SABA, reiterating Hold.
In its report, Benchmark writes, "We reiterate our Hold rating. While we're incrementally more positive on the
story given the 27% decline in the stock since July 21, we remain cautious on SABA's shares until there's more clarity surrounding the demand environment and the Company shows further good progression against its business model transition to a subscription-based revenue model. We also think the ongoing CFO search
adds additional uncertainty to the story at this time."
Shares of SABA closed Thursday at $6.00, up 2.04% from Wednesday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies 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