Hortonworks (HDP): Call Option On Big Data - Bernstein

Bernstein analyst, Zane Chrane, reiterated his Outperform rating on shares of Hortonworks (NASDAQ: HDP) calling the company "a cheap call option on growth in Big Data and IoT with strong secular tailwinds and significant upside in the case of an acquisition".

That said, the analyst believes the share price "is likely to be volatile in the near-to-medium term
given continued fears of competitive threats, limited liquidity, and the company's cash burn
until positive cash flow is achieved in Q417".

No change to the price target of $21.00

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 $13.21 yesterday.

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