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Mizuho raises Cloudera target to 24% upside

Published 03/20/2018, 07:43 AM
© Reuters.  Mizuho raises Cloudera target to 24% upside
  • Mizuho maintains a Buy rating and raises its Cloudera (NYSE:CLDR) price target from $21 to $24 (a 24% upside to yesterday’s close) ahead of the April 3 earnings report.
  • Firm thinks Cloudera can deliver consensus upside and calls for FY19 revenues modestly above consensus.
  • Mizuho expects the company to progress towards the CFFO break-even point in the next four to six quarters due to strong execution and healthy spending trends in enterprise.
  • Source: Briefing.com.
  • Cloudera shares closed yesterday down 1.43% to $19.33.
  • Now read: Cloudera: Cloud Technology Could Lead To Explosive Growth


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