Zoom, Snowflake, Intuit Face Short-Term 'Choppiness,' But Long-Term Gains Will Follow: JPMorgan
Portfolio Pulse from Hayden Buckfire
JPMorgan analyst Mark Murphy issued ratings for enterprise software companies Zoom, Snowflake, Intuit, and Workday, highlighting short-term volatility but long-term growth potential. Murphy gave Neutral ratings to Zoom and Intuit, and Overweight ratings to Snowflake and Workday.
May 20, 2024 | 6:53 pm
News sentiment analysis
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NEUTRAL IMPACT
JPMorgan analyst Mark Murphy issued a Neutral rating for Intuit, citing mixed signals with positive E-filings growth and cautious commentary on Credit Karma.
The Neutral rating reflects mixed signals, with positive E-filings growth offset by cautious commentary on Credit Karma, suggesting limited short-term price movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
JPMorgan analyst Mark Murphy issued a Neutral rating for Zoom, citing bottoming growth and achievable Q1 guidance. Positive momentum in Contact Center and Phone technologies noted.
The Neutral rating reflects cautious optimism with achievable Q1 guidance and positive momentum in key technologies, suggesting limited short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JPMorgan analyst Mark Murphy issued an Overweight rating for Snowflake, citing positive leadership under new CEO and durable bookings ahead of Q1 earnings.
The Overweight rating and positive outlook on leadership and bookings suggest a likely short-term price increase, especially with upcoming Q1 earnings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
JPMorgan analyst Mark Murphy issued an Overweight rating for Workday, expressing confidence in mid-teens growth and alignment with guidance ahead of Q1 earnings.
The Overweight rating and confidence in growth and guidance alignment suggest a likely short-term price increase, especially with upcoming Q1 earnings.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100