Analysts have been eager to weigh in on the Technology sector with new ratings on Yandex (YNDX), Fortive (FTV) and Snap (SNAP).
Yandex (YNDX)
Merrill Lynch analyst Cesar Tiron maintained a Hold rating on Yandex today and set a price target of $71.50. The company’s shares closed last Friday at $59.15.
Tiron has an average return of 37.1% when recommending Yandex.
According to TipRanks.com, Tiron is ranked #2169 out of 7018 analysts.
Yandex has an analyst consensus of Strong Buy, with a price target consensus of $60.65.
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Fortive (FTV)
Morgan Stanley analyst Joshua Pokrzywinski maintained a Buy rating on Fortive today and set a price target of $75.00. The company’s shares closed last Friday at $67.25.
According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 6.6% and a 57.7% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Honeywell International, and Lennox International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $80.66 average price target, a 19.1% upside from current levels. In a report issued on October 6, Citigroup also maintained a Buy rating on the stock with a $91.00 price target.
Snap (SNAP)
Credit Suisse analyst Stephen Ju maintained a Buy rating on Snap today and set a price target of $32.00. The company’s shares closed last Friday at $27.67, close to its 52-week high of $27.79.
According to TipRanks.com, Ju is a top 100 analyst with an average return of 23.0% and a 70.3% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Alphabet Class A, and Headhunter Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snap with a $28.51 average price target, a 0.0% upside from current levels. In a report issued on October 8, Cowen & Co. also maintained a Buy rating on the stock with a $32.00 price target.
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