Analysts Are Bullish on These Technology Stocks: NXT-ID Inc (NXTD), GSE Systems Inc (GVP)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on NXT-ID Inc (NXTD) and GSE Systems Inc (GVP) with bullish sentiments.

NXT-ID Inc (NXTD)

In a report released today, Michael Diana from Maxim Group maintained a Buy rating on NXT-ID Inc, with a price target of $2. The company’s shares closed yesterday at $1.25.

Diana observed:

“2018, NXTD announced its intention to spin off its Fit Pay subsidiary (to be re-named PartX), and subsequently established a record date of October 17. On October 17, NXTD shares started trading without (any value for) PartX (that is, just reflecting the value of its healthcare subsidiary, LogicMark). On December 17, it was announced that the spin-off was delayed, and the October 17 record date was withdrawn, so NXTD shares now trade with the values of both LogicMark and PartX included. A new record date has not yet been announced.”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.4% and a 56.2% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

NXT-ID Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2.

See today’s analyst top recommended stocks >>

GSE Systems Inc (GVP)

Maxim Group analyst Tate Sullivan maintained a Buy rating on GSE Systems Inc today and set a price target of $5. The company’s shares closed yesterday at $3.06.

Sullivan said:

“Yesterday, GVP announced a $2.6 million order, 5% of GVP’s last reported backlog, with a U.S. operator of nuclear power plants to combine data and build simulation models.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 2.6% and a 69.2% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and Aegion.

GSE Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.

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