There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Digital Turbine Inc (APPS) and AudioEye Inc (AEYE) with bullish sentiments.
Digital Turbine Inc (APPS)
In a report issued on May 3, Sameet Sinha from B.Riley FBR maintained a Buy rating on Digital Turbine Inc, with a price target of $4. The company’s shares closed on Friday at $4.07, close to its 52-week high of $4.18.
Sinha commented:
“We believe the addition of attribution partners, coupled with the notable shift by brands/apps to performance marketing strategies (versus wide-net branding/awareness campaigns) is a favorable backdrop for APPS to drive incremental growth. These relationships provide distribution and branding in a crowded market.”
According to TipRanks.com, Sinha is a 4-star analyst with an average return of 8.5% and a 53.8% success rate. Sinha covers the Technology sector, focusing on stocks such as Limelight Networks, Brightcove Inc, and Cars.com, Inc.
Digital Turbine Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.38, implying a 7.6% upside from current levels. In a report issued on May 3, Roth Capital also maintained a Buy rating on the stock with a $4.75 price target.
See today’s analyst top recommended stocks >>
AudioEye Inc (AEYE)
In a report released today, Zach Cummins from B.Riley FBR maintained a Buy rating on AudioEye Inc, with a price target of $13. The company’s shares closed on Friday at $10.40, close to its 52-week high of $12.40.
Cummins said:
“AudioEye (AEYE) reports 1Q19 results after the market close on and will host its earnings call at 4:30PM ET (Dial in: 877.407.9208). We anticipate 1Q results will be consistent with our model, which is largely consistent with the Street’s estimates. Management may provide additional metrics to help investors reconcile the cash contract bookings growth to the associated revenue recognition on the upcoming earnings. While possible, we believe additional metrics will likely not be provided until the company fills its Chief Financial Officer (CFO) position. To that point, the timeline to hire a CFO has exceeded our expectations, which we attribute to management’s desire to find a candidate that is well-suited to scale AEYE’s business over the long term.”
According to TipRanks.com, Cummins is a 1-star analyst with an average return of -5.3% and a 43.4% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, ChannelAdvisor, and Computer Task.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AudioEye Inc with a $12.75 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
