B. Riley increased their price objective on shares of Medidata Solutions (NASDAQ:MDSO) to $106.00 in a research note issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price target suggests a potential downside of 14.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Medidata Solutions in a research note to investors on Wednesday, November 20th. They set a “buy” rating and a $133.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Needham & Company raised their price target on shares of Medidata Solutions from $92.00 to $135.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Medidata Solutions in a research note to investors on Friday, October 25th. They now have a $145.00 price target on the stock, up previously from $105.00. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $105.51.
Shares of Medidata Solutions (NASDAQ:MDSO) traded up 3.87% during mid-day trading on Tuesday, hitting $123.51. 288,877 shares of the company’s stock traded hands. Medidata Solutions has a 1-year low of $37.00 and a 1-year high of $127.77. The stock has a 50-day moving average of $109. and a 200-day moving average of $89.8. The company has a market cap of $3.182 billion and a P/E ratio of 138.75.
Medidata Solutions (NASDAQ:MDSO) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $70.74 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. On average, analysts predict that Medidata Solutions will post $1.43 earnings per share for the current fiscal year.
Medidata Solutions, Inc (NASDAQ:MDSO) is a global provider of software-as-a-service (SaaS), clinical technology solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.