Medallia (NASDAQ:MDLA) Coverage Initiated by Analysts at SunTrust Banks

Equities research analysts at SunTrust Banks assumed coverage on shares of Medallia (NASDAQ:MDLA) in a report released on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $47.00 price target on the stock. SunTrust Banks’ target price suggests a potential upside of 13.94% from the company’s previous close.

A number of other research firms have also issued reports on MDLA. William Blair began coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating on the stock. UBS Group began coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating and a $55.00 price target on the stock. Stephens began coverage on shares of Medallia in a report on Monday, July 29th. They set an “overweight” rating and a $52.00 price target on the stock. Oppenheimer began coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating and a $55.00 price target on the stock. Finally, Citigroup began coverage on shares of Medallia in a report on Tuesday. They set a “neutral” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price 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 related news, Director Borge Hald sold 1,765,000 shares of the business’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 transaction of $34,470,450.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

About Medallia

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.

See Also: Rule of 72

Analyst Recommendations for Medallia (NASDAQ:MDLA)

Receive News & Ratings for Medallia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medallia and related companies with MarketBeat.com's FREE daily email newsletter.