Fly News Breaks for March 25, 2019
TLND
Mar 25, 2019 | 09:36 EDT
BTIG analyst Edward Parker raised his price target on Talend to $62 and kept his Buy rating, saying he is turning "more comfortable" that the company is "shrugging off Big Data jitters and that demand fundamentals are much healthier than the revenue accounting would suggest." While Parker expects "transitional headwinds" to impact Talend's topline growth rate for several more quarters, he sees its "aggressive pivot towards cloud data integration" as the right strategy, adding that the company's valuation has also "recovered meaningfully".
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