Brokerages Set Cloudera (CLDR) PT at $23.14

Cloudera (NASDAQ:CLDR) has earned an average recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $23.14.

A number of research firms have recently commented on CLDR. Morgan Stanley reaffirmed a “hold” rating and set a $20.00 price objective on shares of Cloudera in a research note on Sunday, May 28th. Bank of America Corporation began coverage on shares of Cloudera in a research note on Wednesday, May 24th. They set a “neutral” rating and a $23.00 price objective for the company. JMP Securities began coverage on shares of Cloudera in a research note on Tuesday, May 23rd. They set a “market perform” rating for the company. Raymond James Financial, Inc. began coverage on shares of Cloudera in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of Cloudera in a research note on Tuesday, May 23rd. They set a “buy” rating and a $24.00 price objective for the company.

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Shares of Cloudera (NASDAQ CLDR) traded up 5.94% during midday trading on Friday, hitting $18.02. 552,566 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $19.58 and its 200 day moving average price is $19.53. The firm’s market cap is $2.36 billion. Cloudera has a one year low of $15.40 and a one year high of $23.35.

Cloudera (NASDAQ:CLDR) last posted its quarterly earnings data on Thursday, June 8th. The company reported ($0.27) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.09. The company had revenue of $79.60 million for the quarter, compared to analyst estimates of $75.85 million. Equities research analysts forecast that Cloudera will post ($1.05) EPS for the current year.

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