Needham Reaffirms Their Buy Rating on Medallia (MDLA)

By Ryan Adsit

In a report issued on December 6, Scott Berg from Needham maintained a Buy rating on Medallia (MDLAResearch Report), with a price target of $45.00. The company’s shares closed last Monday at $28.01.

According to, Berg is a 5-star analyst with an average return of 15.9% and a 65.0% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.

Medallia has an analyst consensus of Moderate Buy, with a price target consensus of $45.67, a 40.8% upside from current levels. In a report issued on December 6, Oppenheimer also reiterated a Buy rating on the stock with a $55.00 price target.

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Based on Medallia’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $39.62 million. In comparison, last year the company had a GAAP net loss of $16.61 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MDLA in relation to earlier this year.

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Medallia, Inc. provides customer experience management software. Its products include B2C Customer, B2B Customer, Employee and Product Experiences. The company was founded by Borge Hald and Amy Pressman in 2001 and is headquartered in San Francisco, CA.