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Credit Suisse Initiates Coverage of 18 Stocks in SMID Software Sector, Notes Increasingly Attractive Risk/Reward

MT Newswires ·  {{timeTz}}

10:50 AM EDT, 09/23/2022 (MT Newswires) -- Credit Suisse initiated coverage of 18 stocks in the SMID software sector, noting that the sector is showing increasingly attractive risk/reward.

In a Friday research report, the firm assigned outperform ratings on Cvent Holding (CVT), Datadog (DDOG), Monday.Com (MNDY), New Relic (NEWR), and Pagerduty (PD).

The firm assigned neutral ratings on Appian (APPN), Asana (ASAN), Blackline (BL), Dynatrace (DT), LiveVox Holdings (LVOX), RingCentral (RNG), Smartsheet (SMAR), Twilio (TWLO), Zoom Video Communications (ZM), and Five9 (FIVN).

The firm assigned an underperform rating to Coupa Software (COUP), E2open Parent Holdings (ETWO), and LivePerson (LPSN).

Credit Suisse wrote that it is bullish on fundamental long-term prospects as the businesses are "at the epicenter of a generational digital transformation boom" and "should have decades of above-market growth ahead of them."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here:

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