Stock Worth Mentioning Today: Xactly Corp Just Reaches Record High?

Stock Worth Mentioning Today: Xactly Corp Just Reaches Record High?

The stock of Xactly Corp (NYSE:XTLY) reached all time high today, Oct, 3 and still has $42.08 target or 172.00% above today’s $15.47 share price. This indicates more upside for the $486.84 million company. This technical setup was reported by If the $42.08 PT is reached, the company will be worth $837.36M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 887,347 shares traded hands or 143.82% up from the average. Xactly Corp (NYSE:XTLY) has risen 153.79% since February 29, 2016 and is uptrending. It has outperformed by 141.58% the S&P500.

Xactly Corp (NYSE:XTLY) Ratings Coverage

Out of 7 analysts covering Xactly Corporation (NYSE:XTLY), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Xactly Corporation has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Lake Street initiated the stock with “Buy” rating in Wednesday, May 18 report. The stock of Xactly Corp (NYSE:XTLY) earned “Overweight” rating by JP Morgan on Tuesday, July 21. The stock of Xactly Corp (NYSE:XTLY) earned “Buy” rating by Needham on Wednesday, May 18. The rating was initiated by Deutsche Bank on Tuesday, July 21 with “Buy”. The stock of Xactly Corp (NYSE:XTLY) earned “Buy” rating by Dougherty & Company on Friday, September 9. UBS initiated Xactly Corp (NYSE:XTLY) on Tuesday, July 21 with “Neutral” rating. The stock has “Buy” rating given by Lake Street on Friday, September 9. The stock has “Buy” rating given by Needham on Tuesday, July 21. On Tuesday, July 21 the stock rating was initiated by Oppenheimer with “Outperform”. UBS maintained Xactly Corp (NYSE:XTLY) on Friday, September 9 with “Neutral” rating.

According to Zacks Investment Research, “Xactly Corporation offers software solutions. The company provides enterprise-class, cloud-based, incentive compensation solutions. Its product consists of Xactly Incent Enterprise, Xactly Incent Express, Xactly Objectives and Xactly Insights. Xactly Corporation is headquartered in San Jose, California.”

More notable recent Xactly Corp (NYSE:XTLY) news were published by: which released: “SA author still a bull on Xactly Corp after big run higher” on August 07, 2016, also with their article: “Xactly hopes to raise $75M in IPO” published on May 19, 2015, published: “Xactly Corp’s (XTLY) ‘Buy’ Rating Maintained at Dougherty into Q2 Results” on September 06, 2016. More interesting news about Xactly Corp (NYSE:XTLY) were released by: and their article: “Why Xactly Corporation (XTLY) Stock Might be a Great Pick” published on June 22, 2016 as well as‘s news article titled: “Xactly CEO Cabrera on why he just inked a deal for a new downtown SJ headquarters” with publication date: August 11, 2014.

XTLY Company Profile

Xactly Corporation, incorporated on March 1, 2005, is a well-known provider of cloud incentive compensation solutions for employee and sales performance management. The Firm delivers its solutions through a software-as-a-service (SaaS) business model. The Firm has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail. The Company’s SaaS solutions are delivered through a cloud platform. The Company’s solutions support finance, sales, compensation administrators, information technology and human resources personnel in designing, processing and managing incentive compensation. The Firm offers products, including Xactly Incent Enterprise, Xactly Incent Express, Xactly Objectives, Xactly Territories, Xactly Insights, Xactly Quota, Xactly Incent Views, Xactly Inspire and Xactly Connect.

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