There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Del Taco Restaurants (TACO) and Boxlight Corp (BOXL) with bullish sentiments.
Del Taco Restaurants (TACO)
In a report released yesterday, Stephen Anderson from Maxim Group maintained a Buy rating on Del Taco Restaurants, with a price target of $15. The company’s shares closed yesterday at $12.13.
“We maintain our Buy rating and $15 price target on Del Taco (TACO) following yesterday’s mixed 2Q19 (June) earnings report.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 7.7% and a 62.8% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Currently, the analyst consensus on Del Taco Restaurants is a Moderate Buy with an average price target of $14, representing a 15.4% upside. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $13 price target.
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Boxlight Corp (BOXL)
Maxim Group analyst Allen Klee maintained a Buy rating on Boxlight Corp yesterday and set a price target of $11. The company’s shares closed yesterday at $2.56.
“Summary For 2Q19, which will be reported mid-August, we forecast quarterly revenue of $12M, up 24% y/y and gross margins of 26%. On the earnings call, we expect to hear more about integration of acquisitions, impact of new, broader offerings and benefits from expanded reseller relationships, new potential wins and any details on San Diego county win. We are focused on learning more about the potential of new product announcements and better appreciation of the revenue opportunity from Boxlight’s total solution offerings to a large market that has tailwind from a significant replacement cycle. We project organic revenue growth of 25%+ for each of the next five years; any newly announced acquisitions would likely result in upside to our estimates.”
According to TipRanks.com, Klee ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.9% and a 30.7% success rate. Klee covers the Technology sector, focusing on stocks such as Dolphin Entertainment Inc, Sify Technologies Limited, and ATN International Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boxlight Corp with a $11 average price target.
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