Looking for TEAM to continue the steady uptrend. Waiting for a pullback to enter in the 250-255 range for a shorter term swing 2-4 weeks. personally think they have a great product and they just switched over to a cloud only model so I only see things going for them money wise.
Long Term Pros:
Just switched to cloud only subscription model
Great product(s)
Short Term Pros:
Earnings in a few months.
Just reported end of Jan that wasn't great but market still loved it
Long Term Cons:
Product is kind of expensive but wouldn't say more than the general market
They are going to lose server based customers
Short Term Cons:
RSI is high
Channels aren't super established
PT:
$265 by end of March
Long Term Pros:
Just switched to cloud only subscription model
Great product(s)
Short Term Pros:
Earnings in a few months.
Just reported end of Jan that wasn't great but market still loved it
Long Term Cons:
Product is kind of expensive but wouldn't say more than the general market
They are going to lose server based customers
Short Term Cons:
RSI is high
Channels aren't super established
PT:
$265 by end of March
Comment:
Closed positions. Fell into the cut range.