Talend SA Receives a Buy from KeyBanc

By Austin Angelo

In a report released yesterday, Brent Bracelin from KeyBanc assigned a Buy rating to Talend SA (NASDAQ: TLND). The company’s shares closed yesterday at $38.27.

Bracelin noted:

“We are raising our estimates and price target slightly to $54 from $53 on 2019.”

According to TipRanks.com, Bracelin is a 5-star analyst with an average return of 13.6% and a 68.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and CommVault Systems.

Talend SA has an analyst consensus of Moderate Buy, with a price target consensus of $45.67.

Based on Talend SA’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $41.11 million and GAAP net loss of $5.73 million. In comparison, last year the company earned revenue of $29.45 million and had a GAAP net loss of $4.39 million.

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Talend SA provides big data and cloud integration solutions. Its software platform, Talend Data Fabric integrates data and applications in real time across modern big data and cloud environments, as well as traditional systems, such as Hadoop, Spark and Spark Streaming.