Analysts Conflicted on These Technology Names: Medallia (MDLA) and Iqiyi (IQ)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Medallia (MDLA) and Iqiyi (IQ).
In a report released today, Scott Berg from Needham assigned a Buy rating to Medallia, with a price target of $40.00. The company’s shares closed last Monday at $31.17.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 21.3% and a 65.2% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and BigCommerce Holdings.
Currently, the analyst consensus on Medallia is a Strong Buy with an average price target of $39.75, a 25.9% upside from current levels. In a report issued on September 4, Oppenheimer also reiterated a Buy rating on the stock with a $40.00 price target.
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Oppenheimer analyst Bo Pei CFA assigned a Hold rating to Iqiyi today. The company’s shares closed last Monday at $22.31.
CFA has an average return of 17.0% when recommending Iqiyi.
According to TipRanks.com, CFA is ranked #5802 out of 6927 analysts.
Currently, the analyst consensus on Iqiyi is a Hold with an average price target of $21.17.
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