Trading Report: The Barclays PLC Upgraded Talend SA (TLND) to “Overweight”

The Barclays PLC Upgraded Talend SA (TLND) to “Overweight”

Talend SA (NASDAQ:TLND) was upgraded by Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday. The brokerage currently has a $28.00 price target on the stock. Barclays PLC’s price objective suggests a potential upside of 17.45% from the company’s current price.

A number of other research firms have also recently commented on TLND. Goldman Sachs Group Inc. raised Talend SA from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, October 13th. Rosenblatt Securities assumed coverage on Talend SA in a research note on Monday, September 26th. They issued a “buy” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Talend SA in a research note on Tuesday, August 23rd. They issued a “neutral” rating and a $30.00 target price on the stock. Citigroup Inc. assumed coverage on Talend SA in a research note on Tuesday, August 23rd. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, William Blair assumed coverage on Talend SA in a research note on Tuesday, August 23rd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.50.

Shares of Talend SA (NASDAQ:TLND) traded down 2.13% during midday trading on Wednesday, reaching $23.84. The company had a trading volume of 49,605 shares. The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. Talend SA has a 12-month low of $23.41 and a 12-month high of $24.59.

Talend SA (NASDAQ:TLND) last issued its quarterly earnings results on Thursday, August 25th. The company reported ($1.84) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $1.53. The company earned $25.40 million during the quarter. The firm’s revenue was up 38.0% compared to the same quarter last year. Equities research analysts expect that Talend SA will post ($0.97) EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. AGF Investments Inc. acquired a new stake in Talend SA during the third quarter valued at approximately $392,000. Symmetry Peak Management LLC acquired a new stake in Talend SA during the third quarter valued at approximately $505,000. Ameriprise Financial Inc. acquired a new stake in Talend SA during the third quarter valued at approximately $828,000. Morgan Stanley acquired a new stake in Talend SA during the third quarter valued at approximately $968,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Talend SA during the third quarter valued at approximately $1,164,000.

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