Needham & Company Downgrades Hortonworks (HDP) to Hold
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Go back to Needham & Company Downgrades Hortonworks (HDP) to Hold
August 8, 2016 9:03 AM EDT
Rosenblatt initiates coverage on Hortonworks (NASDAQ: HDP) with a Buy rating and a price target of $20.00, suggesting more than 100% upside from current levels. The bullish rating comes following the recent sell-off on weak Q2 earnings.
Analyst Marshall Senk commented, "Hortonworks is uniquely positioned to ride two of the most significant waves in the tech sector today... More
August 5, 2016 7:42 AM EDT
Cowen analyst J. Derrick Wood reiterated an Market Perform rating and cut his price target on Hortonworks (NASDAQ: HDP) to $8.00 (from $11.00) following weak Q2 results and guidance.
Wood commented, "While the 2Q miss/guide-down was labeled as an execution issue that can... More
August 5, 2016 7:01 AM EDT
Pacific Crest downgraded Hortonworks (NASDAQ: HDP) from Overweight to Sector Weight and removed its price target. Analyst Brent Bracelin said its billings shortfall elevates execution risks.
"The $6.2 million billings shortfall, coupled with the departure of the president, adds a significant amount of execution... More
