Why Textura Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Textura (NYSE: TXTR  ) have popped today after a slew of analysts initiated bullish coverage on the company.

So what: Textura went public in early June with an early pop, and four Street analysts have started the company off with outperform ratings. That includes William Blair, Oppenheimer, Credit Suisse, and Barrington Research, all of which are optimistic about Textura's prospects.

Now what: Oppenheimer and Barrington Research each assign a $35 price target, while Credit Suisse believes shares are heading to $33. Shares traded as high as $29.99 today on the investor optimism. The company offers an online collaboration platform for the construction industry and more than doubled revenue last fiscal year to $21.7 million, according to its prospectus.

Interested in more info on Textura? Add it to your Watchlist by clicking here.

The amount of data we store every year is growing by a mind-boggling 60% annually! To make sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. To get instant access to the name of this company transforming the IT industry, click here -- it's free.


 
 
 
 

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2521428, ~/Articles/ArticleHandler.aspx, 12/18/2014 12:39:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement