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

November 4, 2016 9:27 AM EDT
Get Alerts HDP Hot Sheet
Price: $9.31 +1.20%

Rating Summary:
    12 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade HDP Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Earnings, Drexel Hamilton, Brian White

Add Your Comment