In a report released yesterday, Brent Bracelin from KeyBanc maintained a Buy rating on Talend SA (NASDAQ: TLND), with a price target of $61. The company’s shares closed yesterday at $58.
Bracelin commented:
“We are lowering estimates on FX and big data headwinds and lowering our PT to $61 from $66 on increasing execution risk.”
According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 21.6% and a 76.1% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Talend SA with a $65 average price target.
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Based on Talend SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $10.14 million. In comparison, last year the company had a GAAP net loss of $7.95 million.
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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.
