Needham analyst Scott Berg maintained a Buy rating on Medallia (MDLA) today and set a price target of $35.00. The company’s shares closed last Thursday at $20.00, close to its 52-week low of $16.05.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 10.4% and a 58.8% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.
Medallia has an analyst consensus of Strong Buy, with a price target consensus of $34.00.
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The company has a one-year high of $44.73 and a one-year low of $16.05. Currently, Medallia has an average volume of 2.03M.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDLA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Medallia, Inc. provides customer experience management software. Its products include B2C Customer, B2B Customer, Employee and Product Experiences. The company was founded by Borge Hald and Amy Pressman in 2001 and is headquartered in San Francisco, CA.
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