Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Salesforce has generated excellent revenue growth, profitability, and cash flows in its last result, surpassing Wall Street expectations on all counts despite operating in a challenging financial climate.</li><li>With new clients like the U.S.</li><li>Department of Veterans Affairs, Workday, and Uber, Service Cloud grew 14% year over year or 18% in constant currency.</li></ul>

Salesforce has generated excellent revenue growth, profitability, and cash flows in its last result, surpassing Wall Street expectations on all counts despite operating in a challenging financial climate.With new clients like the U.S.Department of Veterans Affairs, Workday, and Uber, Service Cloud grew 14% year over year or 18% in constant currency.

Salesforce.com Inc: Code Builder Update & Other Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Qualtrics International / Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/qualtrics-international-inc" target="_blank" data-smartkarma-citation="entities:27731:1" rel="noopener">Qualtrics International (XM US)</a>  is the largest XM provider and pioneer in Experience Management. The company was founded in 2002 by Ryan Smith, Jared Smith, and their dad, Scott Smith.</li>
<li>In 2018, SAP acquired Qualtrics for ~$8B in an all-cash deal, one of the largest-ever acquisitions of a SaaS company.</li>
<li>We view <a href="https://www.smartkarma.com/entities/qualtrics-international-inc" target="_blank" data-smartkarma-citation="entities:27731:1" rel="noopener">Qualtrics International (XM US)</a>  as well-positioned to continue to take market share with additional growth drivers such as new products and international expansion. </li>
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Qualtrics International (XM US)  is the largest XM provider and pioneer in Experience Management. The company was founded in 2002 by Ryan Smith, Jared Smith, and their dad, Scott Smith.
In 2018, SAP acquired Qualtrics for ~$8B in an all-cash deal, one of the largest-ever acquisitions of a SaaS company.
We view Qualtrics International (XM US)  as well-positioned to continue to take market share with additional growth drivers such as new products and international expansion. 


Qualtrics: Leading Pure-Play XM Provider. A Solid Risk-Reward Opportunity

Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>Notwithstanding bright spots and positive long-term outlook, the ESG gold rush has created an acute state of chaos. Regulatory flux. Rampant greenwashing. ESG litigation. Elon and S&amp;P.</li>
<li>The silver lining? New ESG-<em>related</em> investing opportunities emerging from all the chaos; stocks poised to benefit, regardless of who else wins or losses. The new shovel-sellers, as it were.</li>
<li>One large opportunity is driven by new greenhouse gas (GHG) reporting regulations, specifcally leading GHG emissions software-as-a-service (SaaS) and platform-as-a-service (PaaS) stocks.</li>
</ul>


Notwithstanding bright spots and positive long-term outlook, the ESG gold rush has created an acute state of chaos. Regulatory flux. Rampant greenwashing. ESG litigation. Elon and S&amp;P.
The silver lining? New ESG-related investing opportunities emerging from all the chaos; stocks poised to benefit, regardless of who else wins or losses. The new shovel-sellers, as it were.
One large opportunity is driven by new greenhouse gas (GHG) reporting regulations, specifcally leading GHG emissions software-as-a-service (SaaS) and platform-as-a-service (PaaS) stocks.


Selling Shovels in a Gold Rush: SaaS Stocks Cashing in on Emissions Reporting Rules

Equity Capital Markets

Salesforce.Com Inc / Equity Capital Markets

<ul><li>Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of both, revenues as well as earnings.</li><li>The company saw strong demand across its clouds, industries, and regions, proving the power of its strategy.</li><li>With great wins like DoorDash and Stellantis, Sales Cloud continues to grow, surpassing $1.6 billion in the quarter and growing 18% year over year.</li></ul>

Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of both, revenues as well as earnings.The company saw strong demand across its clouds, industries, and regions, proving the power of its strategy.With great wins like DoorDash and Stellantis, Sales Cloud continues to grow, surpassing $1.6 billion in the quarter and growing 18% year over year.

<ul><li>Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic factors.</li><li>The management continued its string of new product launches and saw a solid demand for its CRM and other offerings from the customers.</li><li>We give the stock an ‘Outperform’ rating with revision in the target price.</li></ul>

Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic factors.The management continued its string of new product launches and saw a solid demand for its CRM and other offerings from the customers.We give the stock an ‘Outperform’ rating with revision in the target price.

Salesforce.com Inc.: Financial & Price Forecasts

United States

salesforce.com, inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use salesforce.com to manage their customer, sales and operational data.

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Salesforce.Com Inc (CRM US)

Salesforce.com Inc: Code Builder Update & Other Drivers

Salesforce has generated excellent revenue growth, profitability, and cash flows in its last result, surpassing Wall Street expectations on all...

Baptista Research

Qualtrics: Leading Pure-Play XM Provider. A Solid Risk-Reward Opportunity

We are initiating coverage on Qualtrics and believe that fundamentals have always been attractive. The company is well positioned as a leader at scale

Andrei Zakharov

Selling Shovels in a Gold Rush: SaaS Stocks Cashing in on Emissions Reporting Rules

ESG investing has been complicated by evolving emissions reporting regulations. With the chaos, comes new investment opportunities. Such as in...

Kyle Rudden

Salesforce.com Inc.: Product Offerings

Despite the unprecedented foreign exchange headwinds, Salesforce had a solid quarter and managed to beat Wall Street expectations in terms of...

Baptista Research

Salesforce.com Inc.: Financial & Price Forecasts

Like most high-growth tech stocks, Salesforce has also taken a beating as a result of the rising interest rates and other macro-economic...

Baptista Research

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