Cloudera (NASDAQ:CLDR)‘s stock had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co in a report released on Friday. They presently have a $24.00 price objective on the stock, up from their previous price objective of $20.00. J P Morgan Chase & Co’s target price would indicate a potential upside of 14.34% from the stock’s previous close.

A number of other research firms have also recently issued reports on CLDR. 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. Bank of America Corporation began coverage on Cloudera in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $23.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 target price on shares of Cloudera in a research report on Friday. JMP Securities began coverage on Cloudera in a research report on Tuesday, May 23rd. They issued a “market perform” rating on the stock. Finally, Raymond James Financial, Inc. began coverage on Cloudera in a research report on Tuesday, May 23rd. They issued an “outperform” rating and a $23.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Cloudera presently has an average rating of “Hold” and a consensus target price of $23.00.

Shares of Cloudera (NASDAQ CLDR) opened at 20.99 on Friday. The firm’s market cap is $2.75 billion. The stock has a 50 day moving average of $18.22 and a 200 day moving average of $18.65. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35.

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

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Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new stake in shares of Cloudera during the second quarter valued at about $131,000. Blume Capital Management Inc. acquired a new stake in shares of Cloudera during the second quarter valued at about $135,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cloudera during the second quarter valued at about $172,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Cloudera during the second quarter valued at about $190,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cloudera during the second quarter valued at about $190,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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