Medallia (NASDAQ:MDLA) Coverage Initiated at Wells Fargo & Co

Stock analysts at Wells Fargo & Co initiated coverage on shares of Medallia (NASDAQ:MDLA) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $45.00 price target on the stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 9.09% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. William Blair assumed coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating on the stock. Bank of America assumed coverage on shares of Medallia in a report on Tuesday. They set a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC assumed coverage on shares of Medallia in a report on Tuesday. They set a “buy” rating and a $45.00 price target on the stock. Credit Suisse Group assumed coverage on shares of Medallia in a report on Tuesday. They set a “neutral” rating and a $40.00 price target on the stock. Finally, UBS Group assumed coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating and a $55.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.25.

MDLA stock opened at $41.25 on Tuesday. Medallia has a 52-week low of $32.05 and a 52-week high of $44.72.



In other Medallia 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 transaction was disclosed in a document filed with the SEC, which is available at this link.

Medallia Company Profile

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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Analyst Recommendations for Medallia (NASDAQ:MDLA)

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