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 on Friday at $37.40, close to its 52-week low of $35.46.
Bracelin said:
“We hosted meetings with Talend CEO Mike Tuchen and CFO Adam Meister last week and came away with more clarity on the Company’s transition to cloud and corresponding deceleration in big data assumptions. After rebooting our model, we are lowering estimates slightly and reducing our PT to $52 from $61 to reflect heightened industry risk tied to on-premise data lakes migrating to the cloud. Given the risk of slowing growth next year appears fully baked into valuation with 2020 estimates, we maintain an Overweight rating. 2019 is shaping up to be a transitional year for Talend. During the 3Q earnings call, TLND gave initial guidance for 2019 revenue growth to fall to the low 20’s vs. consensus of 28% and 36% in the latest quarter.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 19.4% and a 71.4% 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 $70.67, which is an 89.0% upside from current levels. In a report issued on November 8, Barclays also maintained a Buy rating on the stock with a $70 price target.
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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 $5.73 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.
