Equities research analysts at Citigroup began coverage on shares of Medallia (NASDAQ:MDLA) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating and a $40.00 price target on the stock. Citigroup‘s price objective suggests a potential downside of 3.03% from the company’s previous close.

Several other research firms have also weighed in on MDLA. Stifel Nicolaus initiated coverage on Medallia in a research report on Monday, July 22nd. They set a “buy” rating and a $43.00 price target on the stock. Stephens initiated coverage on Medallia in a research report on Monday, July 29th. They set an “overweight” rating and a $52.00 price target on the stock. Finally, William Blair initiated coverage on Medallia in a research report on Tuesday. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.25.

NASDAQ MDLA opened at $41.25 on Tuesday. Medallia has a twelve month low of $32.05 and a twelve month high of $44.72.

In other Medallia news, Director Borge Hald sold 1,765,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $19.53, for a total value of $34,470,450.00. The transaction was disclosed in a 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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