Morgan Stanley Boosts Cloudera (CLDR) Price Target to $19.00

Cloudera (NASDAQ:CLDR) had its price objective raised by Morgan Stanley from $18.00 to $19.00 in a research note issued to investors on Friday morning. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued reports about the stock. Raymond James Financial, Inc. began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They issued an outperform rating and a $23.00 price target on the stock. Bank of America Corporation began coverage on shares of Cloudera in a research report on Wednesday, May 24th. They issued a neutral rating and a $23.00 price target on the stock. BidaskClub upgraded shares of Cloudera from a hold rating to a buy rating in a research report on Wednesday, August 30th. Citigroup Inc. began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They issued a neutral rating and a $23.00 price target on the stock. Finally, JMP Securities began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They issued a market perform rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $23.00.

Shares of Cloudera (NASDAQ CLDR) opened at 18.80 on Friday. The stock’s market capitalization is $2.47 billion. Cloudera has a one year low of $15.40 and a one year high of $23.35. The stock has a 50 day moving average of $18.22 and a 200-day moving average of $18.65.

Cloudera (NASDAQ:CLDR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.22. The business had revenue of $89.80 million for the quarter, compared to the consensus estimate of $85.72 million. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. Equities analysts predict that Cloudera will post ($0.98) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of CLDR. FMR LLC bought a new position in shares of Cloudera in the 2nd quarter worth about $39,867,000. TimesSquare Capital Management LLC bought a new position in shares of Cloudera in the 2nd quarter worth about $36,154,000. Capital World Investors bought a new position in shares of Cloudera in the 2nd quarter worth about $34,057,000. Glynn Capital Management LLC bought a new position in shares of Cloudera in the 2nd quarter worth about $29,774,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Cloudera in the 2nd quarter worth about $18,831,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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