SunTrust Banks Begins Coverage on Medallia (NASDAQ:MDLA)

Analysts at SunTrust Banks began coverage on shares of Medallia (NASDAQ:MDLA) in a report released on Tuesday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Co started coverage on shares of Medallia in a research note on Tuesday. They issued an “outperform” rating and a $45.00 target price on the stock. Stephens began coverage on shares of Medallia in a report on Monday, July 29th. They issued an “overweight” rating and a $52.00 price target for the company. Bank of America began coverage on shares of Medallia in a report on Tuesday. They issued a “buy” rating and a $50.00 price target for the company. UBS Group began coverage on shares of Medallia in a report on Tuesday. They issued an “outperform” rating and a $55.00 price target for the company. Finally, Needham & Company LLC began coverage on shares of Medallia in a report on Tuesday. They issued a “buy” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Medallia has a consensus rating of “Buy” and a consensus target price of $47.44.

NASDAQ:MDLA traded up $2.25 during midday trading on Tuesday, reaching $41.68. The stock had a trading volume of 225,152 shares, compared to its average volume of 1,119,395. Medallia has a 1-year low of $32.05 and a 1-year high of $44.72.

In other news, Director Borge Hald sold 1,765,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $19.53, for a total transaction of $34,470,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Medallia

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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