Oppenheimer Initiates Coverage on Medallia (NASDAQ:MDLA)

Oppenheimer started coverage on shares of Medallia (NASDAQ:MDLA) in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $55.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. William Blair assumed coverage on shares of Medallia in a report on Tuesday. They issued an outperform rating for the company. Wells Fargo & Co started coverage on shares of Medallia in a research note on Tuesday. They set an outperform rating and a $45.00 price target on the stock. Credit Suisse Group started coverage on shares of Medallia in a research note on Tuesday. They set a neutral rating and a $40.00 price target on the stock. Stifel Nicolaus started coverage on shares of Medallia in a research note on Monday, July 22nd. They set a buy rating and a $43.00 price target on the stock. Finally, Needham & Company LLC started coverage on shares of Medallia in a research note on Tuesday. They set a buy rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Medallia presently has a consensus rating of Buy and a consensus price target of $48.25.

Shares of NASDAQ:MDLA opened at $40.09 on Tuesday. Medallia has a one year low of $32.05 and a one year high of $44.72.

In other news, Director Borge Hald sold 1,765,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $19.53, for a total transaction of $34,470,450.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Medallia Company Profile

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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Analyst Recommendations for Medallia (NASDAQ:MDLA)

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