Today’s Stock Alert: Is Buying Xactly Corp Here a Winning Strategy?

Today's Stock Alert: Is Buying Xactly Corp Here a Winning Strategy?

The stock of Xactly Corp (NYSE:XTLY) hit a new 52-week high and has $40.09 target or 156.00% above today’s $15.66 share price. The 6 months bullish chart indicates low risk for the $486.84M company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $40.09 price target is reached, the company will be worth $759.47 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 6.39% or $0.94 on October 3, hitting $15.66. About 841,429 shares traded hands or 131.20% 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. UBS initiated the shares of XTLY in a report on Tuesday, July 21 with “Neutral” rating. The rating was maintained by Deutsche Bank on Friday, September 9 with “Buy”. Deutsche Bank initiated it with “Buy” rating and $12 target price in Tuesday, July 21 report. The firm earned “Overweight” rating on Tuesday, July 21 by JP Morgan. UBS maintained it with “Neutral” rating and $15 target price in Friday, September 9 report. The stock of Xactly Corp (NYSE:XTLY) has “Buy” rating given on Friday, September 9 by Needham. The firm earned “Buy” rating on Wednesday, May 18 by Needham. The firm earned “Buy” rating on Tuesday, July 21 by Needham. Lake Street initiated Xactly Corp (NYSE:XTLY) rating on Wednesday, May 18. Lake Street has “Buy” rating and $12 price target. The rating was maintained by Dougherty & Company on Friday, September 9 with “Buy”.

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: Seekingalpha.com which released: “SA author still a bull on Xactly Corp after big run higher” on August 07, 2016, also Bizjournals.com with their article: “Xactly hopes to raise $75M in IPO” published on May 19, 2015, Streetinsider.com 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: Zacks.com and their article: “Why Xactly Corporation (XTLY) Stock Might be a Great Pick” published on June 22, 2016 as well as Bizjournals.com‘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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