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Hortonworks (HDP) Gets a Hold Rating from Credit Suisse


Credit Suisse analyst Brad Zelnick maintained a Hold rating on Hortonworks (NASDAQ: HDP) yesterday and set a price target of $24. The company’s shares closed yesterday at $24.48, close to its 52-week high of $26.22.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 8.9% and a 69.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.

Currently, the analyst consensus on Hortonworks is a Moderate Buy with an average price target of $29.61, implying a 21.0% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Hold rating on the stock with a $30 price target.

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Based on Hortonworks’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $41.2 million. In comparison, last year the company had a GAAP net loss of $45.37 million.

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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.