There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on GrubHub (NYSE:GRUB) and RumbleON Inc (NASDAQ:RMBL) with bullish sentiments.
GrubHub (GRUB)
Argus Research analyst John Staszak maintained a Buy rating on GrubHub today and set a price target of $120. The company’s shares opened today at $95.13.
According to TipRanks.com, Staszak is a 4-star analyst with an average return of 8.6% and a 59.6% success rate. Staszak covers the Services sector, focusing on stocks such as WellCare Health Plans, Old Dominion Freight, and Southwest Airlines.
Currently, the analyst consensus on GrubHub is a Moderate Buy with an average price target of $132.81, a 39.6% upside from current levels. In a report issued on October 25, Stephens also maintained a Buy rating on the stock with a $155 price target.
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RumbleON Inc (RMBL)
Craig-Hallum analyst Steven Dyer initiated coverage with a Buy rating on RumbleON Inc today and set a price target of $13. The company’s shares opened today at $7.18.
According to TipRanks.com, Dyer is ranked #1575 out of 4908 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RumbleON Inc with a $10 average price target, representing a 39.3% upside. In a report issued on October 29, Roth Capital also maintained a Buy rating on the stock with a $10 price target.
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