Analysts have been eager to weigh in on the Technology sector with new ratings on Blackbaud (NASDAQ:BLKB) and Mercadolibre (NASDAQ:MELI).
Blackbaud (BLKB)
In a report released today, Robert Oliver from Robert W. Baird maintained a Hold rating on Blackbaud, with a price target of $82. The company’s shares closed yesterday at $72.80, close to its 52-week low of $69.62.
According to TipRanks.com, Oliver is a 5-star analyst with an average return of 24.5% and a 69.9% success rate. Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, Aspen Technology, and Citrix Systems.
Blackbaud has an analyst consensus of Hold, with a price target consensus of $93.40, a 28.3% upside from current levels. In a report issued on October 9, Raymond James also downgraded the stock to Hold.
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Mercadolibre (MELI)
In a report released today, Deepak Mathivanan from Barclays maintained a Buy rating on Mercadolibre, with a price target of $360. The company’s shares closed yesterday at $304.86.
According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 14.8% and a 59.1% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Wix.com Ltd, Yelp Inc, and GrubHub.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mercadolibre with a $371.43 average price target.
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