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Hortonworks (HDP) Receives a Rating Update from a Top Analyst


In a report released today, Brian White from Monness maintained a Buy rating on Hortonworks (HDP), with a price target of $30. The company’s shares closed yesterday at $18.41.

According to TipRanks.com, White is a top 100 analyst with an average return of 18.4% and a 66.2% 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 a Strong Buy with an average price target of $29.56.

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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.