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☆ Goldman double upgrades this under-the-radar cloud stock with nearly 40% upside
▼ + stars: | 2023-11-07 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Cloud computing platform DigitalOcean is at an attractive entry point, according to Goldman Sachs. Analyst Gabriela Borges upgraded DigitalOcean to buy from sell and maintained her price target of $33, which implies the stock could jump 38.4% over the next 12 months. Borges cited the stock's significant underperformance — DigitalOcean is up nearly 6% this year, while the Nasdaq Composite has gained 30% — as an opportunity for investors. The underperformance has likely been driven by a cyclical normalization in cloud optimization spending, according to Borges. Borges noted overhang from DigitalOcean's ongoing search for a new CEO since late August.

Persons: Goldman Sachs, Gabriela Borges, DigitalOcean, Borges, DigitalOcean's, — CNBC's Michael Bloom Organizations: Nasdaq

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Here's what analysts are saying after Palo Alto Networks' second-quarter earnings
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street analysts are riding high after Palo Alto Networks' earnings beat. Goldman Sachs' Gabriela Borges reiterated a buy rating on Palo Alto Networks and raised her price target to $274 from $254. PANW 1D mountain Palo Alto Networks added more than 15% on Monday. Elsewhere, Morgan Stanley's Hamza Fodderwala restated an overweight rating as well as a top pick label in a Monday note. The analyst raised his price target to $304 from $302, which implies 45% upside from Friday's close.

Persons: Goldman Sachs, Gabriela Borges, Borges, Brad Zelnick, Zelnick, Morgan Stanley's Hamza Fodderwala, Fodderwala, Michael Bloom Organizations: Palo Alto Networks, Networks, Deutsche Bank

☆ Goldman Sachs upgrades this tech stock, sees more than 25% upside despite headwinds
▼ + stars: | 2023-08-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Gabriela Borges upgraded the stock to buy from sell and increased cut her price target to $91 from $77. The identity management software provider's stock rose more than 4.3% in premarket trading Monday. OKTA 1Y mountain OKTA in past 12 months But Borges pointed to several growth catalysts for Okta going forward. Against the tech giant, Borges said Okta is superior in areas such as external access management services, out-of-box functionality and support for non-standard applications. The firm said that its bull/bear scenarios suggested upside to the stock despite incorporating potential headwinds, such as moderated market share gain and a discount to its target multiple, from Microsoft into its buy thesis.

Persons: Goldman Sachs, Gabriela Borges, Borges, Okta, — CNBC's Michael Bloom Organizations: Okta, Microsoft Locations: Friday's

☆ Jim Cramer gauges the threat of Microsoft's cybersecurity foray on Palo Alto Networks stock
▼ + stars: | 2023-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft (MSFT) updated plans to expand further into cybersecurity this week, creating chaos in pure-play vendors like Club name Palo Alto Networks (PANW). We think that decline was an overreaction and the bounce since shows that investors have come to realize that Microsoft's moves pose little threat to cybersecurity leader Palo Alto. Bottom line We believe Palo Alto will stay the cybersecurity leader regardless of Microsoft's announcement. Founded in 2005, Palo Alto has been in the space much longer than Microsoft, and it has a first-mover advantage. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo Alto, I'm, Jim Cramer, Nikesh Arora, Arora, We've, Brent Thill, Goldman Sachs, Gabriela Borges, Satya Nadella, Palo, Jim, Jim Cramer's, David Paul Morris Organizations: Microsoft, Palo Alto Networks, Palo Alto, Jefferies, Alto Networks, Apple, Management, JPMorgan, Nasdaq, Big Tech, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, cybersecurity, Santa Clara , California, U.S

☆ Salesforce and more: Goldman Sachs names 5 tech stocks set for a profit boost, giving one 50% upside
▼ + stars: | 2023-06-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs has named the tech stocks it expects to become more profitable over the next two years. Goldman Sachs believes that the bulk of the margin expansion is yet to come as companies start to realize the full benefits of cost-cutting measures implemented in the first half of 2023. The table below highlights Goldman's five stocks with the biggest upside that are expected to benefit from the above factors. Monday.com Monday.com , a software company that aims to improve efficiency among teams, is also expected to improve its financial performance. Vertex Vertex , a tax software provider, is expected by Goldman Sachs to see a 4.2 percentage point expansion in its operating margins from 2022 to 2024.

Persons: Goldman Sachs, Salesforce, Goldman, Gabriela Borges, Monday.com, Guidewire, Procore, — CNBC's Michael Bloom Organizations: Goldman

☆ This under-the-radar customer engagement platform can rally more than 40% with the help of A.I., Goldman says
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Generative artificial intelligence will help Braze win market share, according to Goldman Sachs. Analyst Gabriela Borges reiterated her buy rating on the customer engagement platform. "We believe that Generative AI is the next catalyst in a series of catalysts for organizations to switch from 'old' to 'new' technology," Borges said in a Friday note. "... We believe Braze as a company and the management team as a leadership group are some of the most forward-looking in the Software industry." And AI should help increase the number of monthly users and increase monetization, she said.

Persons: Goldman Sachs, Gabriela Borges, Borges, Braze, — CNBC's Michael Bloom Organizations: Software, Revenue Locations: Thursday's

☆ Goldman says shares of this education technology leader have 20% upside
▼ + stars: | 2023-04-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Shares of education technology company PowerSchool could see upside as the company focuses on cross-selling its large suite of products and expanding internationally, according to Goldman Sachs. Analyst Gabriela Borges upgraded the education technology stock to buy from neutral. Her $24 price target implies the stock will rally 20% from where it closed on Monday. The company saw net revenue retention hit 108% during the pandemic as schools pushed to improve the online learning experience. The company could drive vendor consolidation in the international educational technology market, which she said is current fragmented.

☆ Top Morningstar strategist names a deeply discounted tech stock, in a sector poised for strong growth
▼ + stars: | 2023-02-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Dave Sekera, chief U.S. market strategist for Morningstar, is bullish on one corner of tech that he says is set to experience "some of the strongest long-term secular growth." That's cybersecurity, he told CNBC's "Squawk Box Asia" on Thursday. "Between geopolitical risks, ransomware and hacking, this is just one area that's going to have a lot of secular growth," Sekera said. Sekera names one stock that he says is trading at about a 25% discount to Morningstar's fair value estimates: CrowdStrike . Analysts have struck a bullish tone on cybersecurity of late, arguing that it's one sector that's resilient even in a slowdown.

☆ This cybersecurity stock could be one of the next under-the-radar A.I. plays, analysts say
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

But don't underestimate Palo Alto Networks as one of the next big AI plays, at least in the enterprise space, some analysts say. Analysts this week highlighted the cybersecurity provider and its central AI role on the heels of a strong earnings report and guidance lift that pushed shares up more than 12% during Wednesday's trading session. The drive for AI resources has overtaken Wall Street in recent weeks after the blowout launch of ChatGPT in late 2022. During an earnings call with analysts this week, CEO Nikesh Arora commented on Palo Alto Networks AI push, calling the software company one of the "best positioned" to utilize machine learning to enhance security. Along with a slew of cybersecurity and software names, Baird's Shrenik Kothari also named Palo Alto Networks a top AI pick , citing its use of machine learning to detect and respond to security threats.

☆ Why Josh Brown likes this high-beta cybersecurity stock
▼ + stars: | 2023-02-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Cybersecurity stocks got a lift on Wednesday, but for Ritholtz Wealth Management CEO Josh Brown there's one name that stands out: CrowdStrike. Shares rallied about 4% during afternoon trading on Wednesday after competitor Palo Alto Networks blew past earnings expectations after the bell Tuesday. Goldman Sachs recently initiated coverage of the stock with a buy rating, along with Check Point , Fortinet and Palo Alto Networks. It's now three years ahead of the profitability goals it laid out in 2021, Palo Alto Network's CEO Nikesh Arora said. Morgan Stanley believes Palo Alto Networks will keep moving higher after its earnings results.

☆ Goldman Sachs says buy Palo Alto Networks as the cybersecurity company diversifies its business
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Palo Alto Networks ' diversification strategies can mean big gains for the stock, according to Goldman Sachs. Borges said Palo Alto has utilized its leadership in network security to branch out into other revenue streams within the cloud. The analyst also noted that Palo Alto should have "more consistent and durable growth" than peers. Shares of Palo Alto Networks rallied 19.2% year to date, rebounding from a 24.8% drop in 2022. Palo Alto wasn't the only cybersecurity stock Borges was getting bullish on, giving buy ratings to CrowdStrike and Fortinet as well.

☆ Wall Street likes software stocks for the long term. Here are top picks from Goldman, Citi and more
▼ + stars: | 2023-01-23 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Citi is also sounding a cautious tone on the sector, calling 2023 a "year of dichotomy in software." Stock picks CNBC Pro had a look at Wall Street research to find the banks' top stock picks to play the software sector. The bank said the company's already "healthy" operating margins could grow about 20%. Goldman also likes tax technology software firm Vertex for its potential to "drive higher cloud margins over time." German software firm SAP is one of Bank of America 's top picks in European software.

☆ Goldman Sachs says this AI software stock is one of the few names 'where demand is stable'
▼ + stars: | 2022-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An under-the-radar software name has managed to stand out among its peers – all because of its focus on auto insurance – and it still has room to grow. The software company also said the next quarter is expected to bring another beat on EBITDA and on-target revenue. Big Tech names including names including Microsoft and Meta both saw shares fall after reporting as both issued weak future outlooks . She specifically noted that auto insurance and car accidents do not become less apparent or needed during an economic downswing. To be sure, Borges said the company's future performance could be affected by inflation within auto insurance companies, increased competition or impacts from litigation.

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