Analysts have been eager to weigh in on the Technology sector with new ratings on VMware (VMW), Baidu (BIDU) and Slack Technologies (WORK).
VMware (VMW)
In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on VMware, with a price target of $165.00. The company’s shares closed last Monday at $123.84.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 17.1% and a 65.4% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, Altair Engineering, and Netscout Systems.
VMware has an analyst consensus of Moderate Buy, with a price target consensus of $162.82, representing a 39.5% upside. In a report issued on March 11, Jefferies also maintained a Buy rating on the stock with a $160.00 price target.
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Baidu (BIDU)
Nomura analyst Jialong Shi maintained a Hold rating on Baidu today and set a price target of $120.00. The company’s shares closed last Monday at $101.09.
According to TipRanks.com, Shi is a 5-star analyst with an average return of 12.6% and a 61.2% success rate. Shi covers the Technology sector, focusing on stocks such as Bilibili, NetEase, and Weibo.
Currently, the analyst consensus on Baidu is a Moderate Buy with an average price target of $154.86, a 57.0% upside from current levels. In a report issued on March 11, Deutsche Bank also initiated coverage with a Hold rating on the stock with a $122.00 price target.
Slack Technologies (WORK)
RBC Capital analyst Alex Zukin maintained a Buy rating on Slack Technologies today and set a price target of $23.00. The company’s shares closed last Monday at $28.36.
According to TipRanks.com, Zukin is a top 100 analyst with an average return of 17.5% and a 64.1% success rate. Zukin covers the Technology sector, focusing on stocks such as Zoom Video Communications, Cornerstone Ondemand, and Ceridian HCM Holding.
Currently, the analyst consensus on Slack Technologies is a Moderate Buy with an average price target of $25.50, representing a -7.3% downside. In a report issued on March 12, Stephens also assigned a Buy rating to the stock with a $37.00 price target.
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