KeyBanc analyst Brent Bracelin maintained a Buy rating on Talend SA (TLND) yesterday and set a price target of $52. The company’s shares closed yesterday at $37.17, close to its 52-week low of $31.35.
Bracelin wrote:
“We see downside risk primarily across three areas. First, the billings shortfall could be more material at an estimated $5M-$8M miss vs. the $0.3M subscription shortfall. Second, the acquisition of Stitch could reduce cash and investments to less than $30M vs. $90M last quarter as it enters a period during which the cash burn rate could increase, albeit slightly. Third, guidance could be lowered to 20% or less in 1H19 on tough compares, sales transitions, and FX headwinds (55% international exposure). Despite these potential negatives, the stock has fallen 49% below the highs (vs. -7% for the Nasdaq over the same time frame) and valuation has compressed to 4.9x NTM EV/S, implying a portion of the bad news is baked in the stock (compared to ~9x NTM EV/S for the broader Cloud Watch SaaS index).”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 25.7% and a 76.3% success rate. Bracelin covers the Technology sector, focusing on stocks such as Salesforce.com, Everbridge Inc, and Veeva Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Talend SA with a $48 average price target.
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The company has a one-year high of $73.52 and a one-year low of $31.35. Currently, Talend SA has an average volume of 599.6K.
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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.
