Rosenblatt Securities Thinks Cloudera Inc’s Stock is Going to Recover


In a report released yesterday, Marshall Senk from Rosenblatt Securities reiterated a Buy rating on Cloudera Inc (CLDR), with a price target of $19. The company’s shares closed yesterday at $11.21, close to its 52-week low of $10.07.

Senk commented:

“We reiterate our buy rating. Key Objections – the past two months we have had the opportunity to spend time with custom- ers, partners, cloud infrastructure providers and management as we work to better understand the potential of the combined company and where it fits into the evolving landscape for hybrid data management. As we have done our work, we continue to have discussions with investors about the stock and find current perception of the businesses, technology and enterprise planning do not completely align with how cus- tomers are looking to lay out data architectures looking forward. Below we lay out the key issues and contrast investor perception with what we are learning in order to further clarify why we remain positive.”

According to TipRanks.com, Senk is a 5-star analyst with an average return of 16.8% and a 63.5% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Carbonite Inc, and Oracle Corp.

Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

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The company has a one-year high of $22.43 and a one-year low of $10.07. Currently, Cloudera Inc has an average volume of 3.41M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLDR in relation to earlier this year.

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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.

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