Credit Suisse Remains a Hold on Hortonworks

By Carrie Williams

Credit Suisse analyst Brad Zelnick maintained a Hold rating on Hortonworks (NASDAQ: HDP) on April 13 and set a price target of $24. The company’s shares closed on Friday at $17.50.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 12.2% and a 68.9% success rate. Zelnick covers the Technology sector, focusing on stocks such as Symantec Corp, Oracle Corp, and Splunk Inc.

Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $23.71, representing a 35.5% upside.

In a report issued on April 11, Monness also initiated coverage with a Hold rating on the stock.

The company has a one-year high of $22 and a one-year low of $9.93. Currently, Hortonworks has an average volume of 822.4K.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.

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Hortonworks, Inc. specializes in open-source global data management solutions. Its platforms allows enterprises to manage their data on a globally, whether it is data-in-motion or data-at-rest.