Analysts’ Opinions Are Mixed on These Technology Stocks: Akamai (AKAM), Instructure Inc (INST) and Yandex NV (YNDX)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Akamai (NASDAQ:AKAM), Instructure Inc (NYSE:INST) and Yandex NV (NASDAQ:YNDX).

Akamai (AKAM)

Deutsche Bank analyst Vijay Bhagavath maintained a Hold rating on Akamai today and set a price target of $66. The company’s shares opened today at $69.97.

According to TipRanks.com, Bhagavath is a 4-star analyst with an average return of 9.2% and a 58.8% success rate. Bhagavath covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Acacia Communications, and BlackBerry Limited.

Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $85.42, a 22.1% upside from current levels. In a report released today, Credit Suisse also reiterated a Hold rating on the stock with a $77 price target.

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Instructure Inc (INST)

Raymond James analyst Brian Peterson maintained a Buy rating on Instructure Inc today and set a price target of $45. The company’s shares opened today at $32.60, close to its 52-week low of $29.48.

According to TipRanks.com, Peterson is a top 100 analyst with an average return of 24.0% and a 66.9% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Upland Software, and Salesforce.com.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Instructure Inc with a $46.25 average price target, which is a 41.9% upside from current levels. In a report issued on October 16, Barrington also maintained a Buy rating on the stock with a $50 price target.

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Yandex NV (YNDX)

Deutsche Bank analyst Lloyd Walmsley maintained a Buy rating on Yandex NV today and set a price target of $41. The company’s shares opened today at $27.54, close to its 52-week low of $24.90.

According to TipRanks.com, Walmsley is a 4-star analyst with an average return of 9.9% and a 53.9% success rate. Walmsley covers the Technology sector, focusing on stocks such as Alphabet Inc, Shutterstock, and Farfetch Ltd.

Currently, the analyst consensus on Yandex NV is a Moderate Buy with an average price target of $44.

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