SendGrid started with bullish ratings by several analysts [MarketWatch]
SENDGRID INC (SEND)
Last sendgrid inc earnings: 11/6 04:15 pm
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investors.sendgrid.com/home/default.aspx
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Source: MarketWatch
SendGrid started with bullish ratings by several analysts Several analysts initiated coverage of email-marketing firm SendGrid Inc. SEND, -3.32% with the equivalent of buy ratings on Monday. Analysts at KeyBanc Capital Markets assigned a price target of $26, citing "compelling growth prospects, coupled with strong leadership and a disciplined model balancing high growth and profitability" as reasons for their optimism. Analysts at William Blair think that the company is poised to benefit as email usage increases over the next several years. "The company's self-service on-boarding process allows it to acquire customers at a reasonable cost and maintain below-average sales-and-marketing expenses, which should drive operating leverage," they wrote. Stifel analysts see room for "significant international expansion" and began their coverage with a price target of $25. SendGrid priced its IPO in mid-November at $16 a share, and the stock is up 34% from there. The S&P 500 Index SPX, +0.0
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