There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on IAC/InterActiveCorp (IAC), Twilio Inc (TWLO) and RumbleON Inc (RMBL) with bullish sentiments.
IAC/InterActiveCorp (IAC)
Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on IAC/InterActiveCorp today and set a price target of $260. The company’s shares closed on Friday at $215.96, close to its 52-week high of $223.54.
Kurnos wrote:
“We still expect ANGI to eventually record 25+% revenue growth in FY19, 1% ahead of our forecast, driven by a projected 20% increase in domestic SPs and over 30% increase in service requests on average.”
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 10.5% and a 55.2% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Sinclair Broadcast, and 1-800 Flowers.com.
IAC/InterActiveCorp has an analyst consensus of Strong Buy, with a price target consensus of $242.46, which is a 12.3% upside from current levels. In a report issued on January 28, Barclays also maintained a Buy rating on the stock with a $242 price target.
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Twilio Inc (TWLO)
In a report released today, Brian White from Monness maintained a Buy rating on Twilio Inc, with a price target of $117. The company’s shares closed on Friday at $114.78, close to its 52-week high of $116.54.
According to TipRanks.com, White is a top 100 analyst with an average return of 21.6% and a 70.1% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Currently, the analyst consensus on Twilio Inc is a Strong Buy with an average price target of $119, a 3.7% upside from current levels. In a report issued on February 1, Robert W. Baird also reiterated a Buy rating on the stock with a $134 price target.
RumbleON Inc (RMBL)
Roth Capital analyst Darren Aftahi maintained a Buy rating on RumbleON Inc today and set a price target of $9.50. The company’s shares closed on Friday at $5.29.
Aftahi wrote:
“We believe the negative delta was likely due to stronger winter seasonality in bike sales. We have updated our model for the offering and 4Q prelim revenue, which flows into FY19/20, where we take a more conservative approach to our forward estimates. PT to $9.50.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.7% and a 56.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
RumbleON Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.75.
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