Oppenheimer Maintains Their Buy Rating on Medallia (MDLA)


Oppenheimer analyst Brian Schwartz maintained a Buy rating on Medallia (MDLA) today and set a price target of $33.00. The company’s shares closed last Monday at $19.05, close to its 52-week low of $16.67.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 27.6% and a 73.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as MiX Telematics, SPS Commerce, and RingCentral.

Medallia has an analyst consensus of Strong Buy, with a price target consensus of $46.67.

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Based on Medallia’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $31.87 million. In comparison, last year the company had a GAAP net loss of $9.95 million.

Based on the recent corporate insider activity of 41 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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