Cloudera (CLDR) Research Coverage Started at Needham & Company LLC

Needham & Company LLC started coverage on shares of Cloudera (NYSE:CLDR) in a research report issued on Friday. The firm set a “buy” rating and a $22.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 22.84% from the company’s previous close.

CLDR has been the subject of several other reports. Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Drexel Hamilton began coverage on Cloudera in a research note on Tuesday, December 19th. They issued a “buy” rating for the company. Mizuho upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday. Finally, Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.18 to $23.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.00.

Shares of Cloudera (NYSE CLDR) opened at $17.91 on Friday. The company has a market capitalization of $2,540.00 and a price-to-earnings ratio of -2.49. Cloudera has a 12 month low of $14.50 and a 12 month high of $23.35.

In other Cloudera news, VP Wayne Kimber sold 1,666 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $17.45, for a total value of $29,071.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

COPYRIGHT VIOLATION NOTICE: “Cloudera (CLDR) Research Coverage Started at Needham & Company LLC” was reported by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/12/cloudera-cldr-research-coverage-started-at-needham-company-llc.html.

About Cloudera

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.