Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cerence (CRNC), NortonLifeLock (NLOK) and Blackbaud (BLKB).
Cerence (CRNC)
Wedbush analyst Daniel Ives maintained a Buy rating on Cerence today and set a price target of $150.00. The company’s shares closed last Monday at $120.76, close to its 52-week high of $131.80.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 38.0% and a 76.8% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Cerence has an analyst consensus of Moderate Buy, with a price target consensus of $110.78, implying a -12.4% downside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
NortonLifeLock (NLOK)
In a report released yesterday, Robert Majek from Raymond James maintained a Hold rating on NortonLifeLock. The company’s shares closed last Monday at $20.56.
According to TipRanks.com, Majek is a 3-star analyst with an average return of 10.9% and a 81.8% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and ServiceNow.
Currently, the analyst consensus on NortonLifeLock is a Moderate Buy with an average price target of $25.75, a 21.5% upside from current levels. In a report issued on February 5, Oppenheimer also maintained a Hold rating on the stock.
Blackbaud (BLKB)
In a report released yesterday, Brian Peterson from Raymond James maintained a Hold rating on Blackbaud. The company’s shares closed last Monday at $72.37.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 37.4% and a 79.8% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Manhattan Associates, and Upland Software.
Currently, the analyst consensus on Blackbaud is a Moderate Buy with an average price target of $63.00, which is a -11.3% downside from current levels. In a report released today, Needham also reiterated a Hold rating on the stock.
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.
