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B. Riley raised their price objective on shares of Callidus Software (NASDAQ:CALD) from $13.75 to $17.00 in a research note issued on Monday, AmericanBankingNews.com reports. B. Riley’s price objective would suggest a potential upside of 20.14% from the company’s current price.

Shares of Callidus Software (NASDAQ:CALD) traded down 3.54% during mid-day trading on Monday, hitting $14.15. 619,044 shares of the company’s stock traded hands. Callidus Software has a 1-year low of $4.10 and a 1-year high of $15.50. The stock’s 50-day moving average is $13.64 and its 200-day moving average is $10.2. The company’s market cap is $571.3 million.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Callidus Software in a research note to investors on Wednesday, January 22nd. They set an “outperform” rating and a $20.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Callidus Software from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $13.20 price target on the stock. Finally, analysts at Northland Securities raised their price target on shares of Callidus Software from $12.00 to $14.00 in a research note to investors on Tuesday, November 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.46.

Callidus Software Inc, provides cloud-based solutions for sales effectiveness, sold to companies of every size throughout the world.

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