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Medidata Solutions Inc. (NDAQ:MDSO) target price raised to $75.00, issued a report today by Dougherty & Company

Medidata Solutions Inc. (NDAQ:MDSO) had its target price raised to $75.00 by Dougherty & Company in a report released 11/13/2017. The new target price indicates a possible upside of 0.13% based on the company's last closing price.

Yesterday Medidata Solutions Inc. (NDAQ:MDSO) traded 0.70% higher at $66.31. The company’s 50-day moving average is $76.67 and its 200-day moving average is $73.08. The last closing price is down 9.48% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 240,824 shares of the stock were exchanged, down from an average trading volume of 476,528

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Medidata Solutions Inc. (NDAQ:MDSO)

Medidata Solutions Inc. has a 52 week low of $46.10 and a 52 week high of $85.92 with a P/E ratio of 129.26 The company’s market cap is currently $0.

In addition to Dougherty & Company reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $49.27 with 2 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Medidata Solutions Inc. (NDAQ:MDSO)

Medidata Solutions Inc. (Medidata) is a provider of cloud-based solutions for life sciences. The Company provides cloud-based solutions for clinical research in life sciences, offering platform technology that focuses on the clinical development. The Company's plan study addresses three areas to ensure optimal study design, grant development and negotiation, and investigator payments. Study Design Optimization enables customers to gain visibility into the impact of protocol elements on resource and trial endpoints. Grants Manager compares specific industry benchmarks and analytics, using industry's database of negotiated procedure costs, to support appropriate grants to investigator sites and automated negotiations with multiple investigator sites. Payments enables customers to establish a global investigator payment strategy and process to automate payment calculation, distribution and reporting, including tax and currency exchange calculations.

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