In a report released today, Raimo Lenschow from Barclays reiterated a Buy rating on Talend SA (TLND), with a price target of $70. The company’s shares opened today at $43.50.
Lenschow noted:
“We believe 4Q18 was the first step of a healing process for Talend’s long-term shareholders. The bulls will be pleased by the slightly better than expected billings, strong cloud mix, reiterated revenue guide and the 33% ARR growth. Bears may point to the deteriorating profitability for FY19. However, we see plenty of upside for both top line and profitability as the company finds its footing in this cloud transition. We reiterate our Overweight rating and $70 price target as we believe the shares will work well over the coming quarters as the company has room to outperform expectations, in our view.The Numbers: Talend reported revenue in line with its preannouncement in January, with a miss on professional services, but only slightly below on subscription revenue.”
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.8% and a 75.1% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.
Currently, the analyst consensus on Talend SA is a Moderate Buy with an average price target of $48, implying a 10.3% upside from current levels. In a report released yesterday, KeyBanc also assigned a Buy rating to the stock with a $52 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 603.9K.
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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.
