There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on MiX Telematics (MIXT) and Cloudera Inc (CLDR) with bullish sentiments.
MiX Telematics (MIXT)
In a report released today, Brian Peterson from Raymond James maintained a Buy rating on MiX Telematics, with a price target of $28. The company’s shares opened today at $17.80.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 26.3% and a 72.0% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Upland Software, and Instructure Inc.
Currently, the analyst consensus on MiX Telematics is a Moderate Buy with an average price target of $27.50.
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Cloudera Inc (CLDR)
In a report released today, Tyler Radke from Citigroup maintained a Buy rating on Cloudera Inc, with a price target of $22. The company’s shares opened today at $13.05.
According to TipRanks.com, Radke is a 1-star analyst with an average return of -3.3% and a 52.9% success rate. Radke covers the Technology sector, focusing on stocks such as Hortonworks, Alteryx Inc, and Talend SA.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $22.50 average price target, which is a 72.4% upside from current levels. In a report released yesterday, Nomura also maintained a Buy rating on the stock with a $20 price target.
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