In a report released today, Brian White from Monness maintained a Buy rating on Hortonworks (NASDAQ: HDP), with a price target of $25. The company’s shares opened today at $19.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.7% and a 69.3% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $23.40, representing a 23.2% upside.
In a report issued on June 15, Rosenblatt Securities also reiterated a Buy rating on the stock with a $25 price target.
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Based on Hortonworks’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $42.06 million. In comparison, last year the company had a GAAP net loss of $54.84 million.
Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock.
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Hortonworks, Inc. specializes in open-source global data management solutions. Its platforms allows enterprises to manage their data on a globally, whether it is data-in-motion or data-at-rest.
