UPDATE: Goldman Sachs Upgrades Talend SA (TLND) to Buy

October 13, 2016 7:08 AM EDT
Get Alerts TLND Hot Sheet
Price: $23.84 +0.85%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - October 13, 2016 9:09 AM EDT)

Goldman Sachs upgraded Talend SA (NASDAQ: TLND) from Neutral to Buy with a price target of $31, implying upside of 37%. Analyst Jesse Hulsing thinks the company will benefit as analytic workloads moving to the cloud.

"The recent pullback in the stock (-16% over the last month, due in part to GBP weakness) creates an opportunity in a name we believe 1) can sustain growth >30% subscription through FY18 due to tailwinds from big data and cloud adoption, 2) is FCF positive with a unique-for-software path to GAAP profitability, and 3) is now undervalued vs growth comps (4.5x EV/sales vs peers at 7.4x)," said Hulsing.

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

Shares of Talend SA closed at $22.22 yesterday.

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