Oppenheimer analyst Brian Schwartz reiterated a Buy rating on Medallia today and set a price target of $40.00. The company’s shares closed last Thursday at $33.83. Currently, the analyst consensus on Medallia is a Strong Buy with an average price target of $36.00.
Truist analyst Terry Tillman raised the firm's price target on Medallia to $39 from $33 and keeps a Buy rating on the shares. The analyst is citing the company's "solid" Q2 results showing upside in revenue and billings, even though the macro-related uncertainty has kept the management from providing FY21 guidance. Tillman adds that Medallia's continued "pipeline improvement, large-deal traction, and consistent retention rate", along with a "record" sequential addition in total RPO highlighted the positives for the quarter, and he is confident in the outcome of its "robust platform and go-to-market investments"
2nd Buy rating on MDLA