Application Software

Griffin Securities has raised the price objective on Autodesk (NASDAQ: ADSK) from $28 to $40 and maintains its Buy rating.

Bank of America has published a research report on Mentor Graphics Corp (NASDAQ: MENT) increasing EPS estimates. In the report, Bank of America wrote, "Fiscal year revenue guidance was left unchanged but leading indicators of new customers and service bookings for MENT as well as the performance...

Morgan Stanley has published a research report on Intuit (NASDAQ: INTU) In the report, Morgan Stanley wrote, "INTU beat Q4 ests. and guided FY12 above cons. as Small Business momentum and solid execution in Consumer Tax continues to drive top line growth, while cost discipline and $250M of share...

Morgan Stanley has published a research report on Salesforce.com (NYSE: CRM). In the report, Morgan Stanley wrote, "CRM's strong Q2 results, highlighted by billings +37% YoY and 6% ahead of cons., underscores how strong the secular demand story is here despite a weakening economy." Morgan Stanley...

J.P. Morgan, citing a strong F2Q12 from the company, is lowering its price target on salesforce.com (NYSE: CRM) from $140 to $130, but is maintaining its Neutral rating on the stock. Says J.P. Morgan, in the report, “CRM reported strong F2Q12 results, posting continued momentum in new business...

According to J.P. Morgan, salesforce.com (NYSE: CRM) price target is lowered to $133. J.P. Morgan said that it is lowering its PT from $145 to $133 based on a 9x EV/ACLV (down from 10x) due to compressing valuations in SaaS. “CRM pulled back more than the broader market after holding steady. We...

Jefferies has lowered its price target from $44 to $40 on Autodesk (NASDAQ: ADSK) in light of guidance going forward. According to Jefferies, “ADSK beat F2Q12 EPS ests and guided F3Q12 inline with the Street. Mgmt has seen no change to demand thus far, but we sense is ready to act if need be. We...

According to J.P. Morgan, Mentor Graphics (NASDAQ: MENT) price target is lowered to $10.50. J.P. Morgan said that FY12 revenue guidance remains unchanged at $1,004M, and EPS is going up to $1.03 from $1.01. “We believe 2Q upside and better 3Q guide are not completely flowing through to FY12...

Goldman Sachs is out with a research report on Autodesk Inc. (NASDAQ: ADSK) and it has a Neutral rating and a $31 price target on shares. In a note to clients, Goldman Sachs writes, "As indicated by our field checks, revenue of $546 mn came in above consensus of $539 mn, while EPS of $0.44 was $0...

J.P. Morgan has published a research report on Autodesk (NASDAQ: ADSK) lowering the price target by $14.00. In the report, J.P. Morgan wrote, "There were no signs of macro weakness in Autodesk's 2Q12 results or its guidance, which calls for faster revenue growth and increase in operating margins....

Bank of America, citing a strong Q2 and an expected return to form, maintains its Buy rating and its $38 price target on Autodesk (NASDAQ: ADSK). In the report, Bank of America writes, “We expect ADSK to rebound from weakness heading into print. Despite concerns over the economic slowdown, ADSK...

Citi Investment Research is out with a research report on Intuit Inc. (NASDAQ: INTU) and is lowering its price target to $53 from $63, and it has a Buy rating on shares. In a note to clients, Citi Investment Research writes, "Q4 Revenue of $593M was ahead of our $588M estimate and consensus of $...

Marvell Technology Group (NASDAQ: MRVL) soared 9.27% to $13.08 in the pre-market trading. MRVL reported upbeat second-quarter results. Salesforce.com Inc (NYSE: CRM) moved up 3.89% to $118.50 in the pre-market session. CRM lifted its full-year revenue outlook. Autodesk Inc (NASDAQ: ADSK) added 3....

Piper Jaffray is maintaining its Overweight rating and its $183 price target on salesforce.com (NYSE: CRM) despite increased confidence in the company. In the report, Piper Jaffray states, “Consistent with findings from our partner surveys, CRM reported solid Q2 results well ahead of consensus,...

Jefferies is out with its report today on Intuit (NASDAQ: INTU), reiterating Buy. In its report, Jefferies writes, "INTU reported F4Q11 results ahead of expectations. Positive F4Q NG EPS (first time in 10+ years) suggests the co is successfully transitioning its biz model to incl. more recurring...