Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cloudera +2.2% as analyst launch neutral-to-strong coverage

Published 05/23/2017, 09:48 AM
Updated 05/23/2017, 09:48 AM
© Reuters.  Cloudera +2.2% as analyst launch neutral-to-strong coverage
  • Cloudera (Pending:CLDR) is up 2.2% today after a rack of coverage launches brings in four Buy ratings along with another few firms at Hold.
  • The highest price target looks to be from Deutsche Bank (DE:DBKGn), which started coverage at Buy with a $25 target, implying 17% upside from today's price.
  • Raymond James has initiated coverage at Outperform with a $23 price target, while Stifel has started at Buy and $24. JPMorgan (NYSE:JPM) is also at Overweight and a $24 target.
  • Citi, meanwhile, is among the firms at Neutral, noting that while there's upward bias in the shares from upside to near-term estimates, the market could go several ways. Big data embedded in cloud offerings over time will broaden adoption in an area in which Cloudera's not as strong, analyst Walter Pritchard notes. He has a $23 price target.
  • JMP Securities has started at Market Perform, and Morgan Stanley (NYSE:MS) initiates at Equal Weight with a $20 target (now indicating downside from yesterday's close).
  • Now read: A Deeper Look At The Cloudera IPO


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.