There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Altair Engineering Inc (NASDAQ:ALTR) and ChannelAdvisor (NYSE:ECOM) with bullish sentiments.
Altair Engineering Inc (ALTR)
In a report released today, Richard Valera from Needham maintained a Buy rating on Altair Engineering Inc, with a price target of $40. The company’s shares opened today at $38.04, close to its 52-week high of $39.20.
According to TipRanks.com, Valera is a 4-star analyst with an average return of 8.8% and a 62.6% success rate. Valera covers the Consumer Goods sector, focusing on stocks such as Audiocodes Ltd, Cadence Design, and KVH Industries.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altair Engineering Inc with a $40.25 average price target.
See today’s analyst top recommended stocks >>
ChannelAdvisor (ECOM)
Needham analyst Scott Berg maintained a Buy rating on ChannelAdvisor today and set a price target of $18. The company’s shares opened today at $13.70.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.0% and a 66.0% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Medidata Solutions, and Ultimate Software.
ChannelAdvisor has an analyst consensus of Moderate Buy, with a price target consensus of $16.50, implying a 20.4% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $17.50 price target.
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