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Shopify (NYSE:SHOP) (TSE:SHOP) was upgraded by analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating. They now have a $230.00 price target on the stock, up previously from $180.00
When it comes to style investing, pure style indices that select and weight securities based on their style scores tend to be less correlated with each other, have higher return spreads, and higher betas to the benchmark than the traditional market-cap-weighted style indices that have overlapping securities.
Additionally, when one style is favored over the other, the pure style version typically does better than the traditional style. The asymmetric performance and higher market sensitivity highlights the potential for pure style indices to undergo extended periods of underperformance than their style counterparts. Because of this, market participants often partake in style rotation (holding growth or value) or hold a combination of both styles to harvest style premium.
MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2019 Financial Results finance.yahoo.com "MongoDB's exceptional fourth quarter performance capped a record year for the company," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. "MongoDB is being adopted by an ever increasing number of companies across diverse industries who recognize the power of our next-generation database platform to drive business performance, increase agility and shorten time to market."
Ittycheria added, "MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch. At approximately one third of our revenue, MongoDB Atlas' tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management."
Atlassian acquires AgileCraft for $166M techcrunch.com “Many leaders are still making mission-critical decisions using their instincts and best guesses instead of data,” said Scott Farquhar, Atlassian’s co-founder and co-CEO, in today’s announcement. “As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian, we believe we’re the best company to help executives align the work across their organization – providing an all-encompassing view that connects strategy, work, and outcomes.”
PTC Inc. (PTC) offers a comprehensive way to invest in automation. Its industrial innovation platform has been embraced across every sector. From aerospace and automotive to oil and gas to retail, leading companies use PTC software to automate processes and maximize competitiveness.
The Boston-based company boasts 800 partners and a developer ecosystem 550,000 strong. They are all focused on one really big idea: Networks of connected things should provide total awareness. PTC software makes those connections seamless.
ThingsWorx, its Internet of Things platform, allows companies to quickly build, connect and analyze networks of sensors, machines and software protocols. According IT research firms Gartner, IDC, and many others, ThingsWorx is best-in-class.
Bain & Co., a global management consulting firm, predicted in 2018 that the combined market for IoT software, hardware, systems integration, and data services will grow to $520 billion by 2021, more than double the 2017 spend. thestreet.com