Should Callidus Software (NASDAQ:CALD) Shares Be Watched After Dougherty & Co Initiates Coverage?


Why Has Dougherty & Co Given Callidus Software (NASDAQ:CALD) a $26.00 Price Target

Dougherty & Co disclosed in an analyst report that it initiated coverage on Callidus Software (NASDAQ:CALD) stock, with “Buy” rating and a $26.00 TP.

From a total of 9 analysts covering Callidus Software (NASDAQ:CALD) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $26 while the lowest target price is $20. The mean of all analyst targets is $23.44 with a 12.60% above today’s ($20.96) stock price. Callidus Software was the topic of 6 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Northland Capital maintained shares on November 6 with “Outperform” rating.

Approximately 101,562 shares of stock traded hands. Callidus Software Inc. (NASDAQ:CALD) has risen 59.10% since April 29, 2015 and is uptrending. It has outperformed by 59.31% the S&P500.

Callidus Software Inc. is a provider of cloud sales, marketing, learning and customer experience solutions. The company has a market cap of $1.18 billion. The Company’s CallidusCloud enables its clients to accelerate their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback for competitive advantage. It currently has negative earnings. The Firm provides a range of services to its clients including professional services, business process outsourcing services, maintenance and technical support services, and education services.

According to Zacks Investment Research, “Callidus Software provides Enterprise Incentive Management software that enables large businesses to plan, model and manage pay-for-performance compensation programs designed to align employee, sales and channel tactics with targeted business objectives.” Get a free copy of the Zacks research report on Callidus Software Inc. (CALD).