Nomura Says Its Time To “Reduce” Cloudera (CLDR). Will Stock Hit Their Target of $12.0?

June 15, 2018 - By Henry Gaston

Why Has Nomura Given Cloudera (CLDR) a $12.0 Price Target

In analysts report released on Friday morning, equity analysts at Nomura has begun coverage for Cloudera (CLDR) shares. The firm has decided to set a “Reduce” rating along with a $12.0, adding -20.69 % to the target.

Cloudera, Inc. (NYSE:CLDR) Ratings Coverage

Among 14 analysts covering Cloudera Inc (CLDR), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Cloudera Inc has $2600 highest and $14 lowest target. $21.10’s average target is 40.39% above currents $15.03 stock price. Cloudera Inc had 21 analyst reports since December 18, 2017 according to SRatingsIntel. Mizuho upgraded the shares of CLDR in report on Tuesday, January 9 to “Buy” rating. The firm has “Buy” rating given on Wednesday, April 4 by Stifel Nicolaus. J.P. Morgan downgraded Cloudera, Inc. (NYSE:CLDR) on Wednesday, April 4 to “Hold” rating. Morgan Stanley maintained Cloudera, Inc. (NYSE:CLDR) rating on Wednesday, April 4. Morgan Stanley has “Equal-Weight” rating and $21 target. The rating was maintained by Mizuho on Tuesday, April 3 with “Buy”. The firm earned “Buy” rating on Wednesday, January 10 by Citigroup. Mizuho maintained the stock with “Buy” rating in Friday, April 13 report. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, April 4 report. The rating was maintained by Raymond James with “Buy” on Monday, December 18. On Monday, April 16 the stock rating was maintained by DA Davidson with “Neutral”.

The stock decreased 3.65% or $0.57 during the last trading session, reaching $15.03. About 2.58 million shares traded. Cloudera, Inc. (CLDR) has declined 28.98% since June 15, 2017 and is downtrending. It has underperformed by 41.55% the S&P500.

Cloudera, Inc. operates a data management, machine learning, and analytics software platform in the United States, Europe, and Asia. The company has market cap of $2.23 billion. The companyÂ’s platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to clients for transforming their businesses. It currently has negative earnings. It provides Cloudera Essentials and Cloudera Enterprise solutions; Cloudera Data Science for programmatic preparation, predictive modeling, and machine learning; Cloudera Real Time for online, streaming, and real-time applications; and Cloudera Analytics for business intelligence and SQL analytics.

More important recent Cloudera, Inc. (NYSE:CLDR) news were published by: 247Wallst.com which released: “Palo Alto Networks, Ambarella, Broadcom and More Major Earnings Coming This Week” on June 03, 2018, also Seekingalpha.com published article titled: “Oracle’s Latest Acquisition Could Dim Cloudera’s Dreams”, Seekingalpha.com published: “Cloudera: Not All Big Data Companies Are Created Equal” on June 12, 2018. More interesting news about Cloudera, Inc. (NYSE:CLDR) was released by: Profitconfidential.com and their article: “Cloudera Stock: Battered Cloud Data Play Rallying After Oversold Selling” with publication date: May 27, 2018.

Cloudera, Inc. (NYSE:CLDR) Ratings Chart

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