Talend (TLND) Price Target Raised to $41.00

Talend (NASDAQ:TLND) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $40.00 to $41.00 in a note issued to investors on Wednesday. The firm currently has an “underweight” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 7.13% from the stock’s previous close.

A number of other brokerages also recently issued reports on TLND. BidaskClub raised shares of Talend from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. KeyCorp increased their price target on shares of Talend from $4.00 to $5.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Zacks Investment Research raised shares of Talend from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Barclays increased their price target on shares of Talend from $44.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Finally, ValuEngine raised shares of Talend from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Talend has an average rating of “Hold” and a consensus target price of $48.67.

Shares of Talend (TLND) opened at $38.27 on Wednesday. The company has a market cap of $1,082.67, a PE ratio of -43.99 and a beta of 2.04. Talend has a fifty-two week low of $24.75 and a fifty-two week high of $46.32.

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Talend in the second quarter worth about $354,000. JPMorgan Chase & Co. increased its position in shares of Talend by 218.3% in the third quarter. JPMorgan Chase & Co. now owns 12,414 shares of the technology company’s stock worth $497,000 after purchasing an additional 8,514 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Talend by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 86,230 shares of the technology company’s stock worth $3,530,000 after purchasing an additional 4,770 shares during the last quarter. Citigroup Inc. bought a new position in shares of Talend in the second quarter worth approximately $159,000. Finally, Wells Fargo & Company MN increased its position in shares of Talend by 2.5% in the third quarter. Wells Fargo & Company MN now owns 562,190 shares of the technology company’s stock worth $23,016,000 after purchasing an additional 13,620 shares during the last quarter. 45.59% of the stock is currently owned by hedge funds and other institutional investors.

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About Talend

Talend SA is a provider of open source integration solutions for data-oriented companies and integration platform under Apache Spark. The Company’s platform enables users to connect data and applications on-premise or in the cloud, in real time or in batch, Big Data or reference data. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager.

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