Cloudera (NASDAQ:CLDR)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research note issued on Friday. They presently have a $24.00 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 14.34% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Morgan Stanley initiated coverage on Cloudera in a research report on Tuesday, May 23rd. They set an “equal weight” rating for the company. Raymond James Financial, Inc. initiated coverage on Cloudera in a research report on Tuesday, May 23rd. They set an “outperform” rating and a $23.00 price objective for the company. Bank of America Corporation initiated coverage on Cloudera in a research report on Wednesday, May 24th. They set a “neutral” rating and a $23.00 price objective for the company. Citigroup Inc. initiated coverage on Cloudera in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $23.00 price objective for the company. Finally, BidaskClub upgraded Cloudera from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.00.

Cloudera (NASDAQ:CLDR) opened at 20.99 on Friday. The stock’s market capitalization is $2.75 billion. Cloudera has a 12-month low of $15.40 and a 12-month high of $23.35. The stock has a 50 day moving average price of $18.22 and a 200-day moving average price of $18.65.

Cloudera (NASDAQ:CLDR) last issued its quarterly earnings data on Thursday, September 7th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.22. The firm had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $85.72 million. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities analysts anticipate that Cloudera will post ($1.05) earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Emerald Advisers Inc. PA purchased a new position in Cloudera in the second quarter worth about $5,706,000. Emerald Mutual Fund Advisers Trust purchased a new position in Cloudera in the second quarter worth about $4,648,000. Peregrine Capital Management LLC purchased a new position in Cloudera in the second quarter worth about $12,932,000. Glynn Capital Management LLC purchased a new position in Cloudera in the second quarter worth about $29,774,000. Finally, LMR Partners LLP purchased a new position in Cloudera in the second quarter worth about $801,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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