Market Overview

Tibco Software Not An Acquisition Candidate


Goldman Sachs has downgraded Tibco Software Inc(NASDAQ: TIBX) to “sell.” The target price for TIBX has been reduced from $9.50 to $9.00.

TIBX’s focus on EPS growth has improved and the company continues to offer best-quality technology in several areas, Goldman Sachs said. Recent market checks, however, have indicated that TIBX continues to face aggressive competition, Goldman Sachs added.

Goldman Sachs believes that Tibco Software’s natural acquirers are concentrating in other areas. For example, Oracle is buying Sun and the likely focus of SAP would be on analytics or SaaS sector rather than TIBCO. Thus, there is limited M&A potential for TIBX in the near term, Goldman Sachs added.

Posted-In: Goldman SachsAnalyst Color Downgrades Price Target Analyst Ratings


Related Articles (TIBX)

View Comments and Join the Discussion!

Latest Ratings

CPAImperial CapitalDowngrades68.0
PRMWImperial CapitalInitiates Coverage On18.0
TGTKeyBancInitiates Coverage On110.0
QCOMMorgan StanleyUpgrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Perfect World (PWRD) Beats Solidly on Earnings, Offers Soft Guidance

Zacks Bull and Bear of the Day Highlights: Infosys, Myriad Genetics Inc., American International Group, Citigroup, Bank of America - Press Releases