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Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings

By Sam Boughedda Goldman Sachs analyst Kash Rangan reinstated Oracle (NYSE:ORCL) at Sell in a note on Monday, which included various rating changes in the software sector. The...
Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings © Reuters Goldman Reinstates Oracle at Sell, Upgrades Gitlab and Atlassian to Buy as it Rebalances Software Ratings

By Sam Boughedda

Goldman Sachs analyst Kash Rangan reinstated Oracle (NYSE:ORCL) at Sell in a note on Monday, which included various rating changes in the software sector.

The analyst also upgraded Gitlab (NASDAQ:GTLB) and Atlassian Corp. (NASDAQ:TEAM) to Buy from Neutral, downgraded Altair Engineering (NASDAQ:ALTR) to Sell from Neutral, and downgraded Informatica (NYSE:INFA) to Neutral from Buy as part of a rating rebalance.

"As we continue to look at our coverage through the lens of a weaker macro-backdrop, we see DevOps holding elements of counter-cyclicality due to its easy implementation, high value proposition and low market penetration, leading us to upgrade GTLB and TEAM," said Rangan. "Conversely, we identified companies with potential for further downside, such as ALTR (top-line risk via macro weakness) and INFA (slower cloud transition/higher investments). We reinstate Oracle with a Sell rating given our view that long-term success faces an uphill battle as it attempts to compete against established cloud peers and continues to lose share in its core business to both mature and emerging vendors (Snowflake, MongoDB)."

In the broader software sector, Goldman Sachs believes net new business comps will ease in the third quarter after tough comparisons in the second quarter.

"While software is late-cycle and investors are rightly wary of relatively unchanged FY forecasts, we revert to our intrinsic analysis as a backstop to the divergence between these companies’ strong business models and current valuations. We maintain our view that profitable growth software can serve as a defensive asset class during challenging economic conditions," the analyst concluded.

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17-08-2022 23:24:31 (UTC+7)

EUR/USD

1.0164

-0.0006 (-0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

EUR/USD

1.0164

-0.0006 (-0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

GBP/USD

1.2037

-0.0056 (-0.47%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (1)

USD/JPY

135.45

+1.24 (+0.92%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

AUD/USD

0.6920

-0.0101 (-1.45%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

USD/CAD

1.2923

+0.0078 (+0.61%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

EUR/JPY

137.66

+1.17 (+0.86%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

EUR/CHF

0.9695

+0.0040 (+0.42%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (7)

Gold Futures

1,774.75

-14.95 (-0.84%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

19.668

-0.417 (-2.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Copper Futures

3.5795

-0.0450 (-1.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

Crude Oil WTI Futures

87.03

+0.50 (+0.58%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

92.60

+0.26 (+0.28%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Natural Gas Futures

9.239

-0.090 (-0.96%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

US Coffee C Futures

217.45

-1.90 (-0.87%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Euro Stoxx 50

3,756.06

-49.16 (-1.29%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

S&P 500

4,267.80

-37.40 (-0.87%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

DAX

13,626.71

-283.41 (-2.04%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (3)

FTSE 100

7,515.75

-20.31 (-0.27%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

Hang Seng

19,922.45

+91.93 (+0.46%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (4)

US Small Cap 2000

1,980.95

-39.31 (-1.95%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,434.80

-77.10 (-0.91%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

42.685

-2.065 (-4.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Bayer AG NA

53.37

-0.93 (-1.71%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (3)

Allianz SE VNA O.N.

177.54

-2.40 (-1.33%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Adidas AG

169.10

-4.26 (-2.46%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (8)

Deutsche Lufthansa AG

6.467

-0.280 (-4.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

108.64

-3.40 (-3.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

8.856

-0.108 (-1.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0164Sell
 GBP/USD1.2037Neutral
 USD/JPY135.45↑ Buy
 AUD/USD0.6920↑ Buy
 USD/CAD1.2923↑ Sell
 EUR/JPY137.66Buy
 EUR/CHF0.9695Sell
 Gold1,774.75↑ Sell
 Silver19.668↑ Buy
 Copper3.5795↑ Sell
 Crude Oil WTI87.03↑ Buy
 Brent Oil92.60↑ Sell
 Natural Gas9.239↑ Buy
 US Coffee C217.45↑ Sell
 Euro Stoxx 503,756.06Sell
 S&P 5004,267.80↑ Buy
 DAX13,626.71Sell
 FTSE 1007,515.75Neutral
 Hang Seng19,922.45Neutral
 Small Cap 20001,980.95↑ Buy
 IBEX 358,434.80Neutral
 BASF42.685Neutral
 Bayer53.37Neutral
 Allianz177.54Buy
 Adidas169.10↑ Sell
 Lufthansa6.467↑ Sell
 Siemens AG108.64↑ Sell
 Deutsche Bank AG8.856Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(20/ 20) # 1,674
SJC HCM6,620/ 6,720
(20/ 20) # 1,695
SJC Hanoi6,620/ 6,722
(20/ 20) # 1,697
SJC Danang6,620/ 6,722
(20/ 20) # 1,697
SJC Nhatrang6,620/ 6,722
(20/ 20) # 1,697
SJC Cantho6,620/ 6,722
(20/ 20) # 1,697
Cập nhật 17-08-2022 23:24:33
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,762.17-13.51-0.76%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$86.99+0.080.09%
Brent$92.59-0.07-0.08%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR23.186,9924.485,46
GBP27.597,2628.774,17
JPY169,51179,46
KRW15,4518,83
Cập nhật lúc 18:50:59 17/08/2022
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