Piper Jaffray Reiterates Overweight Rating for Callidus Software Inc. (CALD)

Analyst Alex Zukin of Piper Jaffray reiterated his Overweight rating for Callidus Software Inc. (NASDAQ:CALD) raising his price target from $21 to $25.

Following talks with channel partners, the analyst upholds that the company is strongly positions ahead of their Q2 earning reports. Zukin believes that the company’s core commission’s products, new sales, and conversions are the reason behind CALD’s success.

According to TipRanks, Patrick Nolan is ranked #592 of 4,073 analysts. He maintains an 77% success rate with an average return of 12.7%.

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