Derrick Wood

Microsoft Corporation (NASDAQ:MSFT) analysts highlight a strong showing by Azure as the key factor that powered the tech giant’s better-than-expected third-quarter performance. Microsoft Analysts: TD Cowen analyst Derrick Wood maintained a Buy rating on Microsoft and raised the price target...

Adobe Inc (NASDAQ: ADBE) has catalysts to support sustainable growth and earnings power in the long term, according to Cowen. The Adobe Analyst: Derrick Wood upgraded Adobe from Market Perform to Outperform and raised the price target from $400 to $555. The Adobe Takeaways: A rebound has...

The shift to the work-from-home model amid the pandemic has given a boost to Slack Technologies Inc’s (NYSE: WORK) value proposition and market opportunity, according to Cowen. The Slack Analyst Cowen’s Derrick Wood initiated coverage of Slack with an Outperform...

Data analytics company Splunk Inc (NASDAQ: SPLK) reported a disappointing fourth-quarter bottom-line result Wednesday and issued a weak revenue forecast for the first quarter and fiscal year 2021, sending shares lower. The Splunk Analysts Wells Fargo analyst Philip Winslow reiterated an...

Salesforce.com, inc. (NYSE: CRM) shares were falling Wednesday a day after the announcement that its co-CEO will step down, even as several sell-side analysts reiterated confidence and raised target prices on the stock. Salesforce on Tuesday reported what several analysts called a strong quarter,...

Twilio Inc (NYSE: TWLO) is in the process of transforming from being a software provider for voice and SMS services to a strategic vendor for customer engagement solutions, according to Cowen. The Twilio Analyst Derrick Wood initiated coverage of Twilio with an Outperform rating and $150 price...

Previewing salesforce.com, inc. (NYSE: CRM)'s first-quarter results, Cowen said its channel checks suggest that growth momentum remains well intact. The firm reiterated its rating and price target for the shares of the company. Salesforce is scheduled to release its quarterly results on May 18...

Among unconfirmed market chatter of a Splunk Inc (NASDAQ: SPLK) acquisition by Oracle Corporation (NYSE: ORCL), Wall Street has responded. Splunk is sitting at a market cap of $8.81 billion and was trading up around 1.5 percent on Friday morning. Benzinga spoke with two analysts about the...