Brokerage Firm Rating Update on Hortonworks (HDP)

Hortonworks (HDP) : Zacks Investment Research ranks Hortonworks (HDP) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.91, which indicates as a Buy.

Hortonworks (HDP) : Currently there are 10 street experts covering Hortonworks (HDP) stock. The most bullish and bearish price target for the stock is $24 and $8 respectively for the short term. The average price target of all the analysts comes to $14.9. The estimated standard deviation from the target is $4.61.


For the current week, the company shares have a recommendation consensus of Buy. Also, Rosenblatt initiates coverage on Hortonworks (NASDAQ:HDP) . Analysts at the Rosenblatt have a current rating of Buy on the shares. The rating by the firm was issued on August 8, 2016.

Hortonworks (NASDAQ:HDP): stock was range-bound between the intraday low of $7.56 and the intraday high of $8.02 after having opened at $7.95 on Wednesdays session. The stock finally closed in the red at $7.95, a loss of -4.29%. The stock remained in the red for the whole trading day. The total traded volume was 1,399,231 shares. The stock failed to cross $8.02 in Wednesdays trading. The stocks closing price on Thursday was $7.93.

Hortonworks, Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Companys platform integrates with data center technologies to enable data architectures and enables its customers to collect, store, process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP, which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets, including online services, education, financial services, Government, healthcare/pharmaceuticals, industrials/manufacturing, media/entertainment, retail/ecommerce, technology and telecommunications.

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