E2open posted ‘another middling quarter’, says Loop Capital

Loop Capital keeps a Hold rating and $4.00 price target on E2open after its Q2 results and FY25 guidance cut. The company reported another “middling quarter” as qualitative commentary around improving retention rates and rebuilding the sales engine remained upbeat, even though the firm is again lowering estimates for continued bookings and professional services headwinds, the analyst tells investors in a research note. Results could improve as FY25 unfolds, but the next few quarters are not expected to be “too encouraging” given that E2open has scuffled the past two consecutive quarters, the firm added.