Rosenblatt Securities Thinks Cloudera Inc’s Stock is Going to Recover
In a report released yesterday, Marshall Senk from Rosenblatt Securities maintained a Buy rating on Cloudera Inc (CLDR). The company’s shares opened today at $11.94, close to its 52-week low of $10.07.
According to TipRanks.com, Senk is a 5-star analyst with an average return of 22.8% and a 76.1% success rate. Senk covers the Technology sector, focusing on stocks such as Carbonite Inc, Oracle Corp, and MongoDB Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $18.07 average price target, implying a 51.3% upside from current levels. In a report issued on March 12, BTIG also reiterated a Buy rating on the stock with a $22 price target.
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Based on Cloudera Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $85.52 million. In comparison, last year the company had a GAAP net loss of $43.91 million.
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Cloudera, Inc. provides enterprise data management solutions for machine learning and advanced analytics. It operates through two segments: Subscription and Services. The company’s products include enterprise, analytical, and operational data hubs, and data science & engineering.