There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Baidu (BIDU) and Everbridge (EVBG) with bullish sentiments.
In a report released today, Hans Chung from KeyBanc maintained a Buy rating on Baidu, with a price target of $290.00. The company’s shares closed last Wednesday at $236.94, close to its 52-week high of $248.98.
According to TipRanks.com, Chung is a 5-star analyst with an average return of 30.2% and a 54.6% success rate. Chung covers the Technology sector, focusing on stocks such as Meituan Dianping, Lufax Holding, and Dada Nexus.
Baidu has an analyst consensus of Strong Buy, with a price target consensus of $203.14, implying a -16.1% downside from current levels. In a report issued on January 8, Mizuho Securities also maintained a Buy rating on the stock with a $250.00 price target.
See today’s analyst top recommended stocks >>
In a report released today, Ryan MacWilliams from Stephens maintained a Buy rating on Everbridge, with a price target of $165.00. The company’s shares closed last Wednesday at $144.49.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 39.3% and a 85.3% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Slack Technologies.
Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $167.14.
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.