Analysts have been eager to weigh in on the Technology sector with new ratings on Nuance Communications (NASDAQ:NUAN) and Yelp Inc (NYSE:YELP).
Nuance Communications (NUAN)
Barclays analyst Saket Kalia maintained a Buy rating on Nuance Communications today and set a price target of $20. The company’s shares opened today at $16.17.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 13.2% and a 58.0% success rate. Kalia covers the Technology sector, focusing on stocks such as SecureWorks Corp, Varonis Systems, and Carbonite Inc.
Nuance Communications has an analyst consensus of Strong Buy, with a price target consensus of $18.75, implying a 16.0% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $23 price target.
.
See today’s analyst top recommended stocks >>
Yelp Inc (YELP)
Barclays analyst Deepak Mathivanan maintained a Hold rating on Yelp Inc today and set a price target of $48. The company’s shares opened today at $44.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 20.0% and a 69.8% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.
Currently, the analyst consensus on Yelp Inc is a Moderate Buy with an average price target of $49.70, implying a 13.0% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $42 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.
