Medallia (NASDAQ:MDLA) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of Medallia (NASDAQ:MDLA) in a research report released on Tuesday, The Fly reports. The brokerage issued an outperform rating and a $55.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Citigroup assumed coverage on shares of Medallia in a research note on Tuesday. They set a neutral rating and a $40.00 price objective for the company. William Blair assumed coverage on shares of Medallia in a research note on Tuesday. They set an outperform rating for the company. Credit Suisse Group assumed coverage on shares of Medallia in a research note on Tuesday. They set a neutral rating and a $40.00 price objective for the company. Stephens assumed coverage on shares of Medallia in a research note on Monday, July 29th. They set an overweight rating and a $52.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Medallia in a research note on Tuesday. They set a buy rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Medallia has an average rating of Buy and a consensus target price of $48.25.

Shares of NASDAQ MDLA opened at $41.45 on Tuesday. Medallia has a 12-month low of $32.05 and a 12-month high of $44.72.

In other news, Director Borge Hald sold 1,765,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $19.53, for a total value of $34,470,450.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

About Medallia

Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.

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The Fly

Analyst Recommendations for Medallia (NASDAQ:MDLA)

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