Analysts have been eager to weigh in on the Technology sector with new ratings on Mimecast (MIME), ON Semi (ON) and Slack Technologies (WORK).
Mimecast (MIME)
In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Mimecast, with a price target of $50.00. The company’s shares closed last Tuesday at $41.04.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 16.2% and a 67.4% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, Palo Alto Networks, and Check Point.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mimecast with a $52.77 average price target, which is a 28.3% upside from current levels. In a report issued on May 8, RBC Capital also maintained a Buy rating on the stock with a $46.00 price target.
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ON Semi (ON)
In a report released today, Ross Seymore from Deutsche Bank maintained a Buy rating on ON Semi, with a price target of $21.00. The company’s shares closed last Tuesday at $15.66.
According to TipRanks.com, Seymore is a top 25 analyst with an average return of 26.3% and a 79.9% success rate. Seymore covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Power Integrations.
ON Semi has an analyst consensus of Hold, with a price target consensus of $17.75, representing a 13.1% upside. In a report released yesterday, Mizuho Securities also assigned a Buy rating to the stock with a $21.00 price target.
Slack Technologies (WORK)
In a report released today, Keith Weiss from Morgan Stanley maintained a Hold rating on Slack Technologies, with a price target of $29.00. The company’s shares closed last Tuesday at $31.23.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 16.8% and a 69.8% success rate. Weiss covers the Technology sector, focusing on stocks such as Palo Alto Networks, NortonLifeLock, and Coupa Software.
Currently, the analyst consensus on Slack Technologies is a Moderate Buy with an average price target of $26.54.
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