Analysts fell to the sidelines weighing in on Nuance Communications (NASDAQ:NUAN), Yelp Inc (NYSE:YELP) and Mercadolibre (NASDAQ:MELI) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Nuance Communications (NUAN)
In a report released today, Tom Roderick from Stifel Nicolaus maintained a Hold rating on Nuance Communications, with a price target of $17. The company’s shares closed yesterday at $15.53.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 17.1% and a 66.9% success rate. Roderick covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Salesforce.com, and Everbridge Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nuance Communications with a $18.25 average price target.
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Yelp Inc (YELP)
Stifel Nicolaus analyst John Egbert maintained a Hold rating on Yelp Inc today and set a price target of $42. The company’s shares closed yesterday at $38.16, close to its 52-week low of $36.41.
According to TipRanks.com, Egbert is a 4-star analyst with an average return of 13.4% and a 52.9% success rate. Egbert covers the Technology sector, focusing on stocks such as Snap Inc, Twitter, and GrubHub.
Yelp Inc has an analyst consensus of Moderate Buy, with a price target consensus of $49.30.
Mercadolibre (MELI)
Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on Mercadolibre today and set a price target of $380. The company’s shares closed yesterday at $344.43.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 24.4% and a 72.0% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Alphabet Inc, and Sea Limited.
Currently, the analyst consensus on Mercadolibre is a Moderate Buy with an average price target of $380.86.
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