Analysts have been eager to weigh in on the Technology sector with new ratings on Pinterest (PINS), MobileIron (MOBL) and Activision Blizzard (ATVI).
Pinterest (PINS)
Barclays analyst Ross Sandler maintained a Hold rating on Pinterest on February 7 and set a price target of $30.00. The company’s shares closed last Monday at $25.20.
According to TipRanks.com, Sandler is a 5-star analyst with an average return of 9.9% and a 64.6% success rate. Sandler covers the Technology sector, focusing on stocks such as Spotify Technology SA, IAC/InterActiveCorp, and Uber Technologies.
Currently, the analyst consensus on Pinterest is a Moderate Buy with an average price target of $29.73, which is a 10.2% upside from current levels. In a report issued on February 3, Monness also maintained a Hold rating on the stock.
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MobileIron (MOBL)
In a report issued on February 7, Raimo Lenschow from Barclays maintained a Sell rating on MobileIron, with a price target of $4.50. The company’s shares closed last Monday at $4.53, close to its 52-week low of $4.47.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.8% and a 75.8% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Slack Technologies.
MobileIron has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
Activision Blizzard (ATVI)
Barclays analyst Deepak Mathivanan maintained a Buy rating on Activision Blizzard on February 7 and set a price target of $70.00. The company’s shares closed last Monday at $61.53, close to its 52-week high of $62.84.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 15.8% and a 63.3% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, GrubHub, and GoDaddy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Activision Blizzard with a $68.79 average price target, representing a 12.2% upside. In a report issued on January 27, Nomura also maintained a Buy rating on the stock with a $70.00 price target.
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