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Noticias de CRM
Eventos de CRM
Raymond James Downgrades Braze to Market Perform
Raymond James downgraded Braze (BRZE) to Market Perform from Outperform without a price target after Salesforce (CRM) agreed to acquire the company for $47.50 per share in cash. Salesforce's acquisition of Braze offers strategic benefits through Marketing Cloud stabilization and cross-selling synergies, making a higher competing bid less likely, the analyst tells investors in a research note.
Citi Downgrades Braze to Neutral, Price Target $47.50
Citi downgraded Braze (BRZE) to Neutral from Buy with a price target of $47.50, down from $48, after the company agreed to be acquired by Salesforce (CRM) for $47.50 per share. The firm, which sees "a high likelihood of closure" and calculates Braze can add about $1B-plus in ARR to Salesforce next year, sees positive read-throughs for Klaviyo (KVYO).
Salesforce Acquires Braze for $47.50 per Share
After Salesforce (CRM) announced an agreement to acquire Braze (BRZE) for $47.50 per share in cash, or a $5.66B enterprise value, Jefferies said this deal marks the third major transaction in small-to-mid cap software since the start of last week after deals for CCC Intelligent Solutions (CCC) and Varonis (VRNS). The firm calls this latest deal "the spark that could lead to a strategic takeout" of MarTech peer Klaviyo (KVYO) should there be further consolidation in the category, adding that it views an acquisition of HubSpot (HUBS) as "low likelihood," but sees a private equity buyer as a more likely acquirer if a deal were to happen. For Twilio (TWLO), the deal underscores the strategic importance of CX infrastructure, but also creates concerns that Salesforce could look to disintermediate the company for messaging or pressure it on pricing, the analyst added.
William Blair Downgrades Braze to Market Perform, Acquisition Price $47.50
William Blair downgraded Braze (BRZE) to Market Perform from Outperform after Salesforce (CRM) announced it will acquire the company for $47.50 per share, or an enterprise value of $5.7B. The premium and valuation of the deal are "fair," says the analyst, who believes the deal is most likely to go through at this price. The firm ultimately does not believe this transaction will have a "material impact" on Zeta (ZETA) and Klaviyo (KVYO) given that they both compete in different segments of the market, the analyst added.
U.S. 10-Year Treasury Yield Falls to Near One-Month Lows
The yield on the U.S. 10-year Treasury note fell on Tuesday, hovering near one-month lows, following weaker housing data while investors also continued to assess persistent inflationary pressures ahead of the Fed's interest rate decision next week. Housing starts fell 5.2% in September, while pending home sales dropped to a record low, reflecting the continued strain of elevated mortgage rates on housing demand. The Fed is widely expected to leave interest rates unchanged next week, while markets anticipate a 25 basis point rate hike in December. Meanwhile, crude oil prices moved lower and stocks turned higher following an unconfirmed report from Qatari newspaper Al-Araby Al-Jadeed that Qatar and Pakistan presented a mediation proposal to address the demands of the U.S. and Iran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:General Motorsreported better-than-expected Q3 sales and earnings and approved a new $20B share repurchase planGE Aerospace posted a "beat and raise" Q3 reportSalesforceagreed to acquire Brazefor $5.66B in enterprise value, or $47.50 per share in cashByteDance, Alibabaand Tencenthave ordered over 3M NvidiaRTX PRO 5500 graphics cards for over $35B, Reuters reportsIndustrial conglomerate 3Mlifted its annual profit forecast as cost-control initiatives and higher prices support margins2. WALL STREET CALLS:Loop Capital downgraded Appleto Hold on iPhone concernsAkamaiupgraded to Strong Buy at Raymond James following recent pullbackBarclays downgraded NuScale Powerto Underweight on commercial delaysBlackRockupgraded to Buy at TD CowenJefferies downgraded Elancoand Zoetisto Hold3. AROUND THE WEB:NRx Pharmaceuticalsis advancing Ketafree, a preservative-free ketamine formulation, and is seeking FDA approval while arguing that benzethonium chloride, a preservative used in most ketamine products, poses health risks, a claim it has not substantiated with evidence, NY Times saysTelesat'screditors have proposed a C$3.2B deal to help the company pay down a coming debt maturity and avert a default, WSJ reportsAustralia is set to sue Meta'sFacebook, TikTok, as well as other major digital platforms for not complying with the country's social media ban for children under 16, Bloomberg saysAlphabet'sWaymo, which currently operates about 4,000 cars, is looking to use the $5B it has recently borrowed to expand its fleet to 8,000 vehicles by the end of 2026 and grow that number to 20,000 by the end of 2027, Semafor reportsNetflixis overhauling its creative leadership in hopes of getting domestic audiences to watch more of its content, WSJ reports4. MOVERS:Myriad Genetics (MYRD) gains after announcing it will sell its Prenatal Health testing business to LabcorpHertzincreases after announcing Oro Mobility secured an $80M strategic equity investment from a consortium of investorsEquifaxhigher after reporting Q3 results, providing guidance for Q4, and narrowing its outlook for FY26Borr Drillinglower after Fearnley downgraded the stock to HoldBaxterfalls after the FDA issued a warning letter following an inspection of its facility5. EARNINGS/GUIDANCE:RTXreported Q3 results and raised its guidance for FY26Krogerbacked its guidance for FY26Ally Financialreported Q3 results, with EPS and revenue beating consensusValmontreported Q3 results and increased its outlook for FY26, with CEO Avner Applbaum commenting this was "another quarter of sales and earnings growth"Genuine Partsreported Q3 results and narrowed its guidance for FY26INDEXES:Near midday, the Dow was up 513.06, or 0.99%, to 52,479.09, the Nasdaq was up 76.22, or 0.29%, to 26,507.11, and the S&P 500 was up 35.46, or 0.46%, to 7,726.19.
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