There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on 8X8 (EGHT) and Asure (ASUR) with bullish sentiments.
8X8 (EGHT)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on 8X8, with a price target of $24. The company’s shares closed yesterday at $23.73, close to its 52-week high of $24.39.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.2% and a 57.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
8X8 has an analyst consensus of Moderate Buy, with a price target consensus of $22.29, a -6.1% downside from current levels. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $27 price target.
See today’s analyst top recommended stocks >>
Asure (ASUR)
Northland Securities analyst Robert Breza maintained a Buy rating on Asure today and set a price target of $12. The company’s shares closed yesterday at $6.88.
Breza observed:
“We are assuming coverage of Asure Software Inc. with an unchanged $12 PT and Outperform rating following solid Q1 results which topped estimates on the top and bottom line.”
According to TipRanks.com, Breza is a 5-star analyst with an average return of 12.4% and a 60.5% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Asure has an analyst consensus of Strong Buy, with a price target consensus of $12.33, a 79.2% upside from current levels. In a report issued on May 7, Barrington also maintained a Buy rating on the stock with a $15 price target.
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