Drexel Hamilton Reiterates Buy on Hortonworks (HDP) Following Solid 3Q

November 4, 2016 9:27 AM EDT
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Price: $8.44 +0.72%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Drexel Hamilton reiterated a Buy rating and $18.00 price target on Hortonworks (NASDAQ: HDP) following the company's 3Q earnings report. Hortonworks reported sales of $47.5 million, which beat the Street's estimate of $45.1 million. Loss per share of $0.68 compared to the consensus of negative $0.66.

Analyst Brian White commented, "Last night, Hortonworks reported better than expected 3Q:16 results and a solid 4Q:16 outlook that we believe will lift the company's stock out of its depressed funk. We are adjusting our estimates and maintaining our 12- month price target of $18.00."

For an analyst ratings summary and ratings history on Hortonworks click here. For more ratings news on Hortonworks click here.

Shares of Hortonworks closed at $6.57 yesterday.



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