Breaking: A Reversal for Xactly Corp Is Not Near. The Stock Rises Again

Breaking: A Reversal for Xactly Corp Is Not Near. The Stock Rises Again

The stock of Xactly Corp (NYSE:XTLY) is a huge mover today! About 29,697 shares traded hands. Xactly Corp (NYSE:XTLY) has risen 119.77% since March 11, 2016 and is uptrending. It has outperformed by 114.32% the S&P500.
The move comes after 8 months positive chart setup for the $389.31 million company. It was reported on Oct, 14 by We have $33.83 PT which if reached, will make NYSE:XTLY worth $595.64 million more.

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. Deutsche Bank initiated Xactly Corp (NYSE:XTLY) rating on Tuesday, July 21. Deutsche Bank has “Buy” rating and $12 price target. Deutsche Bank maintained it with “Buy” rating and $20 target price in Monday, September 26 report. The firm earned “Overweight” rating on Tuesday, July 21 by JP Morgan. As per Wednesday, May 18, the company rating was reinitiated by Needham. The firm earned “Buy” rating on Tuesday, July 21 by Needham. Dougherty & Company maintained the shares of XTLY in a report on Friday, September 9 with “Buy” rating. As per Friday, September 9, the company rating was maintained by UBS. The firm has “Outperform” rating by Oppenheimer given on Tuesday, July 21. The rating was initiated by Dougherty & Company on Thursday, January 14 with “Buy”. The firm has “Buy” rating by Lake Street given on Friday, September 9.

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: “Xactly Corporation Announces Pricing of Initial Public Offering” on June 26, 2015, also with their article: “SA author still a bull on Xactly Corp after big run higher” published on August 07, 2016, published: “Xactly Corporation Announces Closing of Initial Public Offering and Full …” on July 01, 2015. More interesting news about Xactly Corp (NYSE:XTLY) were released by: and their article: “Xactly Corp’s (XTLY) ‘Buy’ Rating Maintained at Dougherty into Q2 Results” published on September 06, 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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