BofA Securities analyst Andrew Obin maintains $E2open Parent (ETWO.US)$ with a sell rating, and sets the target price at $3.75.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $E2open Parent (ETWO.US)$'s main analysts recently are as follows:
The company's Q2 revenue fell short, primarily due to a dip in professional services revenue, which faced heightened deal scrutiny and unbilled customer success activities. Additionally, the anticipated professional services revenue of $83.0M suggests a year-over-year decrease of roughly 18%, marking the smallest professional services revenue since FY21 and the third successive year of downgraded professional services guidance compared to the initial projections.
Retention and bookings are on an upward trend, albeit at a pace that falls short of management's initial expectations, leading to a reduction in FY25 guidance. This situation has cast a mild doubt on management's credibility, emphasizing that a perfect execution of guidance is essential for any potential positive revaluation of the shares.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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