Cloudera Inc (CLDR) Gets a Buy Rating from Needham


In a report released today, Jack Andrews from Needham maintained a Buy rating on Cloudera Inc (NYSE: CLDR), with a price target of $23. The company’s shares opened today at $17.93.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 19.6% and a 67.3% success rate. Andrews covers the Technology sector, focusing on stocks such as New Relic Inc, Attunity Ltd, and Hortonworks.

Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $19.17, representing a 6.9% upside. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $22 price target.

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The company has a one-year high of $22.43 and a one-year low of $12.57. Currently, Cloudera Inc has an average volume of 2.04M.

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Cloudera, Inc. provides enterprise data management solutions for machine learning and advanced analytics. It operates through two segments: Subscription and Services. The company’s products include enterprise, analytical, and operational data hubs, and data science & engineering.

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