Rosenblatt Securities analyst Marshall Senk reiterated a Buy rating on Hortonworks (NASDAQ: HDP) yesterday and set a price target of $25. The company’s shares closed yesterday at $19.63.
Senk wrote:
“We had the opportunity to meet with several customers throughout our time at the event and came away with the following thoughts:.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 26.8% and a 82.5% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Salesforce.com, and Carbonite Inc.
Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $23.40, representing a 19.2% upside.
In a report issued on June 15, Monness also maintained 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 118 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.
