Analysts have been eager to weigh in on the Technology sector with new ratings on Marvell (MRVL), Wix (WIX) and Drone Delivery Canada (TAKOF).
Marvell (MRVL)
In a report released today, Quinn Bolton from Needham reiterated a Buy rating on Marvell, with a price target of $50.00. The company’s shares closed last Wednesday at $41.51.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 38.6% and a 69.5% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Axcelis Technologies.
Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $54.56.
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Wix (WIX)
Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Wix today and set a price target of $250.00. The company’s shares closed last Wednesday at $239.68.
According to TipRanks.com, Zgutowicz is a top 100 analyst with an average return of 53.1% and a 72.5% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Manhattan Associates, and Pinterest.
Wix has an analyst consensus of Strong Buy, with a price target consensus of $338.85, representing a 29.1% upside. In a report issued on April 29, Deutsche Bank also initiated coverage with a Hold rating on the stock with a £2.80 price target.
Drone Delivery Canada (TAKOF)
In a report released today, Doug Taylor from Canaccord Genuity maintained a Buy rating on Drone Delivery Canada, with a price target of C$1.75. The company’s shares closed last Wednesday at $1.00.
Taylor has an average return of 76.4% when recommending Drone Delivery Canada.
According to TipRanks.com, Taylor is ranked #213 out of 7492 analysts.
Currently, the analyst consensus on Drone Delivery Canada is a Moderate Buy with an average price target of $1.34.
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