Trade Report: The Talend SA (TLND) Upgraded to “Buy” at The Zacks Investment Research

The Talend SA (TLND) Upgraded to “Buy” at The Zacks Investment Research

Zacks Investment Research upgraded shares of Talend SA (NASDAQ:TLND) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $28.00 price objective on the stock.

According to Zacks, “Talend SA is a provider of big data and cloud integration solutions. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager. The company also provides technical support; and consulting and training services. Talend SA is based in Suresnes, France. “

A number of other research firms have also recently issued reports on TLND. Barclays PLC started coverage on shares of Talend SA in a report on Tuesday, August 23rd. They set an equal weight rating and a $28.00 price target for the company. William Blair started coverage on shares of Talend SA in a report on Tuesday, August 23rd. They set an outperform rating for the company. Citigroup Inc. started coverage on shares of Talend SA in a report on Tuesday, August 23rd. They set a neutral rating and a $32.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Talend SA in a report on Tuesday, August 23rd. They set a neutral rating and a $30.00 price target for the company. Finally, Goldman Sachs Group Inc. upgraded shares of Talend SA from a neutral rating to a buy rating and set a $31.00 price target for the company in a report on Thursday, October 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $29.50.

Talend SA (NASDAQ:TLND) opened at 23.84 on Tuesday. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

Talend SA (NASDAQ:TLND) last released its quarterly earnings results on Thursday, August 25th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $1.53. The business had revenue of $25.40 million for the quarter. The company’s quarterly revenue was up 38.0% on a year-over-year basis. Equities research analysts anticipate that Talend SA will post ($0.97) earnings per share for the current fiscal year.

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

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