With few competitors and a strong base, Workiva looks set to prosper.
We view shares as slightly undervalued but would wait for a larger margin of safety before investing.
The market is not yet appreciating this narrow-moat company's growth prospects.
Narrow-moat Paycom and Paylocity have taken market share from competitors, but investors should wait for a pullback.
There's a lot to like about narrow-moat Coupa, but shares are fairly valued today.
We continue to be concerned about Dropbox's competitive position in what we believe will be a commoditized cloud storage industry.
We are raising our fair value estimate for the narrow-moat firm.
There's a lot to like about the software company, but we recommend investors wait for a larger margin of safety before investing.
The wide-moat firm's EPS beat was largely driven by the $10 billion in share repurchases this quarter and does not represent a fundamental change in the business.
We are lowering our fair value estimate for the firm while maintaining our wide-moat but negative moat trend ratings.