Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Mercadolibre (MELI), Limelight Networks (LLNW) and Proofpoint Inc (PFPT).
Mercadolibre (MELI)
Cowen & Co. analyst Thomas Champion maintained a Hold rating on Mercadolibre on January 31 and set a price target of $335. The company’s shares closed on Friday at $364.66.
According to TipRanks.com, Champion is ranked #2733 out of 5142 analysts.
Mercadolibre has an analyst consensus of Moderate Buy, with a price target consensus of $381.
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Limelight Networks (LLNW)
In a report issued on January 31, Jonathan Charbonneau from Cowen & Co. maintained a Buy rating on Limelight Networks, with a price target of $5. The company’s shares closed on Friday at $3.11.
Charbonneau has an average return of 3.3% when recommending Limelight Networks.
According to TipRanks.com, Charbonneau is ranked #1415 out of 5142 analysts.
Limelight Networks has an analyst consensus of Moderate Buy, with a price target consensus of $4.50, representing a 44.7% upside. In a report issued on January 31, Oppenheimer also maintained a Buy rating on the stock with a $4 price target.
Proofpoint Inc (PFPT)
In a report issued on February 1, Kenneth Talanian from Evercore ISI maintained a Buy rating on Proofpoint Inc, with a price target of $125. The company’s shares closed on Friday at $114.51.
Talanian commented:
“We view this quarter’s results as evidence of continued execution. With the addition of greater clarity around key issues we continue to believe PFPT deserves further rerating. See below/within for more detail. We believe that there is an ongoing debate as to the secular growth opportunity and competitive positioning at PFPT. With organic growth coming in as expected and the company seeing continued high win rates against Microsoft, we feel confident that the majority of potential growth related issues are internal. The commentary on the call and our callback suggests that the sales organization is seeing greater stability in terms of territory alignment and quotas (under a compensation structure that hasn’t changed significantly since 2011).”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 18.1% and a 79.2% success rate. Talanian covers the Technology sector, focusing on stocks such as Symantec Corp, Check Point, and Autodesk.
Currently, the analyst consensus on Proofpoint Inc is a Strong Buy with an average price target of $121.71, a 6.3% upside from current levels. In a report issued on February 1, Robert W. Baird also reiterated a Buy rating on the stock with a $120 price target.
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