Stifel Nicolaus resumes its Buy rating with a price target of $38 on TIBCO Software TIBX as the company's leverage to data trend hits the prime time.
Stifel Nicolaus says, "We believe TIBCO sits squarely in the middle of the big data trend, and as companies continue to create more types of structured and unstructured data, the ability to make sense of and anticipate forward-looking events becomes even more critical to operational success.
We believe the world is finally catching up (i.e., price of compute continues to fall and mobility is delivering ubiquitous broadband access to companies/individuals across the world) to TIBCO's real-time connectivity vision, making the two second advantage realizable across industries."
TIBX closed at $33.62 on Thursday.
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