There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Glu Mobile (NASDAQ: GLUU) and New Relic Inc (NYSE: NEWR) with bullish sentiments.
Glu Mobile (NASDAQ: GLUU)
Stifel Nicolaus analyst Drew Crum maintained a Buy rating on Glu Mobile (NASDAQ: GLUU) today and set a price target of $6.50. The company’s shares closed yesterday at $5.87, close to its 52-week high of $5.88.
According to TipRanks.com, Crum is a top 25 analyst with an average return of 37.6% and a 89.9% success rate. Crum covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Electronic Arts, and Harley-Davidson.
Glu Mobile has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.
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New Relic Inc (NYSE: NEWR)
BMO Capital analyst Keith Bachman maintained a Buy rating on New Relic Inc (NYSE: NEWR) today and set a price target of $110. The company’s shares closed yesterday at $105.24, close to its 52-week high of $106.22.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 17.3% and a 69.6% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
Currently, the analyst consensus on New Relic Inc is Strong Buy and the average price target is $92.50, representing a -12.1% downside.
In a report released today, Wedbush also reiterated a Buy rating on the stock with a $116 price target.
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