Investment analysts at CIBC initiated coverage on shares of Medallia (NASDAQ:MDLA) in a research note issued on Tuesday, FirstToMarketsRatingsTable reports. The firm set an “outperform” rating and a $55.00 price target on the stock. CIBC’s price objective points to a potential upside of 33.34% from the company’s current price.

Several other equities analysts also recently commented on the company. Oppenheimer initiated coverage on Medallia in a research report on Tuesday. They issued an “outperform” rating and a $55.00 price objective on the stock. Wells Fargo & Co initiated coverage on Medallia in a research report on Tuesday. They issued an “outperform” rating and a $45.00 price objective on the stock. Stephens initiated coverage on Medallia in a research report on Monday, July 29th. They issued an “overweight” rating and a $52.00 price objective on the stock. SunTrust Banks initiated coverage on Medallia in a research report on Tuesday. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Citigroup initiated coverage on Medallia in a research report on Tuesday. They issued a “neutral” rating and a $40.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.25.

Shares of Medallia 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 news, Director Borge Hald sold 1,765,000 shares of Medallia stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $19.53, for a total value of $34,470,450.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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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