Hortonworks (HDP): PT Increases to $16 - Needham & Company
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Price: $14.68 --0%
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 19 | New: 10
Rating Summary:
15 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 19 | New: 10
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Needham & Company analyst, Richard Kugele, is encouraged by the solid 1Q results at Hortonworks (NASDAQ: HDP), especially by the way they were achieved. The company is expanding its initial deal sizes (both nodes and ASPs), securing a greater number of $1M+ deals, seeing a faster expansion rate of footprints and broader use cases.
No change to Buy; PT increases to $16 from $14 based on 2.5x EV/CY17 sales of ~$277M.
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 $12.76 yesterday.
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