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 $17.51.
Senk wrote:
“We had the opportunity to host Hortonworks management this week for a se- ries of investor meetings. We come away with our positive view reinforced and remain comfortable with the demand environment, the company’s ability to exe- cute on its disciplined growth plan, strength of the product line and potential leverage from partners. We reiterate our buy rating and $25 price target.”
According to TipRanks.com, Senk is a 5-star analyst with an average return of 27.2% and a 78.6% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Carbonite Inc, and Synacor Inc.
Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $22.83, representing a 30.4% upside.
In a report issued on May 21, Monness also upgraded the stock to Buy.
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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 122 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.
