Roth Capital Initiates Coverage on Medallia (NASDAQ:MDLA)

Roth Capital began coverage on shares of Medallia (NASDAQ:MDLA) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $52.00 price target on the stock. Roth Capital’s target price would indicate a potential upside of 26.06% from the company’s previous close.

MDLA has been the subject of several other reports. Bank of America began coverage on shares of Medallia in a report on Tuesday. They set a “buy” rating and a $50.00 price target for the company. William Blair began coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating for the company. Stifel Nicolaus began coverage on shares of Medallia in a report on Monday, July 22nd. They set a “buy” rating and a $43.00 price target for the company. Wells Fargo & Co began coverage on shares of Medallia in a report on Tuesday. They set an “outperform” rating and a $45.00 price target for the company. Finally, 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 for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $48.25.

Shares of MDLA opened at $41.25 on Tuesday. Medallia has a one year low of $32.05 and a one year high of $44.72.

In related news, Director Borge Hald sold 1,765,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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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