Hortonworks (HDP) Receives Analyst Rating

Hortonworks (HDP) has an average broker rating of 1.91, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Hortonworks (HDP) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $24 and the lowest price target forecast is $8. The average forecast of all the analysts is $15.14 and the expected standard deviation is $4.91.


Also, Rosenblatt initiates coverage on Hortonworks (NASDAQ:HDP). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 8, 2016.

Hortonworks (NASDAQ:HDP): After opening at $7.36, the stock dipped to an intraday low of $7.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.48 and the buying power remained strong till the end. The stock closed at $7.46 for the day, a gain of 0.67% for the day session. The total traded volume was 756,436. The stocks close on the previous trading day was $7.41.

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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