Analysts Conflicted on These Technology Names: Cloudera (NYSE: CLDR) and Iridium Communications (NASDAQ: IRDM)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudera (CLDRResearch Report) and Iridium Communications (IRDMResearch Report).

Cloudera (CLDR)

Barclays analyst Raimo Lenschow maintained a Hold rating on Cloudera on December 6 and set a price target of $11.00. The company’s shares closed last Monday at $10.88.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.0% and a 73.1% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Slack Technologies, and Citrix Systems.

Cloudera has an analyst consensus of Hold, with a price target consensus of $12.56, implying a 17.7% upside from current levels. In a report issued on November 29, Monness also maintained a Hold rating on the stock.

See today’s analyst top recommended stocks >>

Iridium Communications (IRDM)

In a report issued on December 6, Mathieu Robilliard from Barclays maintained a Buy rating on Iridium Communications, with a price target of $31.00. The company’s shares closed last Monday at $23.61.

According to TipRanks.com, Robilliard is a 4-star analyst with an average return of 8.8% and a 69.8% success rate. Robilliard covers the Technology sector, focusing on stocks such as Telefonica Brasil, Tim Participacoes, and Telefonica.

Currently, the analyst consensus on Iridium Communications is a Strong Buy with an average price target of $29.75.

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