There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on QAD Inc (QADA) and Telaria Inc (TLRA) with bullish sentiments.
QAD Inc (QADA)
In a report released today, Zach Cummins from B.Riley FBR reiterated a Buy rating on QAD Inc, with a price target of $55. The company’s shares closed yesterday at $46.50.
Cummins observed:
“We attended QAD Inc.’s (QADA) Tuesday, 5/7. We highlight three key takeaways from the conference. 1) The company appears well positioned to achieve robust subscription revenue growth over the next three years. Our customer checks reaffirm our belief that many on-premise customers are actively considering a move to QAD’s cloud solutions. The combination of cloud conversions within the existing on-premise customer base and a more aggressive go-to-market strategy to win new cloud customers, in our opinion, should support the company’s 30%+ annualized growth target for subscription revenues over the next three years. 2) The company is proactively taking actions to address the execution issues within the EMEA region.”
According to TipRanks.com, Cummins is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.6% and a 34.5% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, ChannelAdvisor, and Computer Task.
Currently, the analyst consensus on QAD Inc is a Moderate Buy with an average price target of $52.
See today’s analyst top recommended stocks >>
Telaria Inc (TLRA)
B.Riley FBR analyst Lee Krowl reiterated a Buy rating on Telaria Inc today and set a price target of $8.50. The company’s shares closed yesterday at $7.17, close to its 52-week high of $7.55.
Krowl observed:
“Telaria (TLRA) reports 1Q results on Thursday (5/9), pre-market. For 1Q, we are modeling revenue/AEBITDA of $12.0M/($3.2M) versus consensus at $11.8M/($3.2M), and we expect the company to report in line with slightly ahead of our estimates. In the quarter, we believe the company continued to see the benefits of growing allocation of ad spend towards video and connected TV (CTV) in particular. While overshadowed by CTV, we also believe the company’s timely acquisition of SlimCut is benefiting from the incremental traffic sources added in 4Q. For 2Q, we believe the delta between our estimates and consensus provides a reasonable range for the outlook. We do not expect management will raise FY19 guidance, despite the anticipated modest upside in 1Q, as 2H of the year drives the outlook.”
Krowl has an average return of 131.2% when recommending Telaria Inc.
According to TipRanks.com, Krowl is ranked #513 out of 5182 analysts.
Telaria Inc has an analyst consensus of Strong Buy, with a price target consensus of $7.42.
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