KeyBanc Keeps a Buy Rating on Talend SA (TLND)


In a report released yesterday, Brent Bracelin from KeyBanc maintained a Buy rating on Talend SA (TLND), with a price target of $52. The company’s shares closed yesterday at $38.97.

Bracelin said:

“We are lowering our revenue estimates by $0.7M for 4Q18 and $7M for 2019 factoring in internal risks tied to integrating Stitch, sales leadership transition, and industry headwinds tied to on-premise data lakes that are migrating to the cloud. Heightened risks are partially reflected in the 46% 4Q18 selloff. The sharp selloff during 4Q18 where TLND shares declined by 46% factors in the heightened execution risks as it enters 2019, in our view. This selloff combined with another 8% AMC decline to $35.70 suggests a great deal of risk has been baked into shares, which are now valued at 3.8x EV/recurring revenue on our revised 2020 estimates (compared to 7.4x NTM EV/S for the broader SaaS 55 index). Growth fundamentals could bottom at 18% during 1H19.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 21.5% and a 71.8% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.

Talend SA has an analyst consensus of Strong Buy, with a price target consensus of $64.20.

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Based on Talend SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.26 million. In comparison, last year the company had a GAAP net loss of $11.21 million.

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Talend SA engages in the provision of big data and cloud integration solutions. Its products include data integration, big data integration, cloud integration, data preparation subscription, data preparation free desktop, master data management, application integration, metadata manager, and data fabric. It offers technical support, consulting, and training.

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