Will This Price Target Cut Hurt Medidata Solutions (MDSO) Stock Today?

NEW YORK (TheStreet) -- Medidata Solutions (MDSO) has had its price target decreased to $50 from $72.50, Jefferies said Wednesday. The firm said though first-quarter results were disappointing analysts are reiterating a "buy."

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Separately, TheStreet Ratings team rates MEDIDATA SOLUTIONS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate MEDIDATA SOLUTIONS INC (MDSO) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."

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