Analysts have been eager to weigh in on the Technology sector with new ratings on Blucora (NASDAQ:BCOR) and HealthStream (NASDAQ:HSTM).
Blucora (BCOR)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on Blucora. The company’s shares closed yesterday at $38.20, close to its 52-week high of $40.60.
Paris noted:
“Wealth Management segment revenues are expected to be in a range of $88.6- 91.6 million and segment income is expected to be in a range of $10.4-11.9 million (11.7- 13.0% margins). Tax Preparation segment revenues are expected to be in a range of $63.2-64.0 million and segment income is expected to be in a range of $40.3-41.5 million (63.8-64.8% margins). Unallocated corporate operating expenses are expected to be approximately $5.6 million, of which $200,000-300,000 shifted from the first quarter.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 13.4% and a 64.4% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blucora with a $43 average price target.
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HealthStream (HSTM)
Barrington analyst Vincent Colicchio assigned a Hold rating to HealthStream today. The company’s shares closed yesterday at $29.05.
Colicchio said:
“We expect HealthStream to report Q2/18 revenue of $56.4 million, which is 1% less than the FactSet consensus of $56.7 million. Our revenue forecast represents a year-over-year decline of 8% and a sequential increase of 3%. Solutions (PES) business, which was divested in February 2018, our revenue forecast calls for year-over-year growth of 7%.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.7% and a 58.8% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for HealthStream with a $27.75 average price target.
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