Cloudera (NASDAQ:CLDR)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report released on Friday. They presently have a $24.00 price objective on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 12.10% from the company’s previous close.

CLDR has been the subject of several other reports. Morgan Stanley reiterated a “hold” rating and issued a $20.00 target price on shares of Cloudera in a research report on Sunday, May 28th. J P Morgan Chase & Co assumed coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $24.00 target price for the company. Bank of America Corporation assumed coverage on shares of Cloudera in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $23.00 target price for the company. BidaskClub upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Finally, Citigroup Inc. assumed coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Cloudera has a consensus rating of “Hold” and a consensus price target of $22.86.

Shares of Cloudera (NASDAQ:CLDR) opened at 21.41 on Friday. The firm’s market cap is $2.81 billion. The company’s 50 day moving average price is $18.15 and its 200 day moving average price is $18.62. Cloudera has a 12-month low of $15.40 and a 12-month high of $23.35.

Cloudera (NASDAQ:CLDR) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.22. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. The company’s revenue was up 39.2% on a year-over-year basis. Equities research analysts forecast that Cloudera will post ($1.05) EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA purchased a new position in Cloudera in the second quarter worth $5,706,000. Emerald Mutual Fund Advisers Trust purchased a new position in Cloudera in the second quarter worth $4,648,000. Peregrine Capital Management LLC purchased a new stake in Cloudera during the second quarter valued at about $12,932,000. Glynn Capital Management LLC purchased a new stake in Cloudera during the second quarter valued at about $29,774,000. Finally, LMR Partners LLP purchased a new stake in Cloudera during the second quarter valued at about $801,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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