Analysts have been eager to weigh in on the Technology sector with new ratings on Brooks Automation (BRKS) and SecureWorks (SCWX).
Brooks Automation (BRKS)
Needham analyst Stephen Unger assigned a Buy rating to Brooks Automation today and set a price target of $77.00. The company’s shares closed last Thursday at $72.00, close to its 52-week high of $73.37.
According to TipRanks.com, Unger is a 5-star analyst with an average return of 36.7% and a 75.0% success rate. Unger covers the Healthcare sector, focusing on stocks such as Myriad Genetics, Thermo Fisher, and PerkinElmer.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brooks Automation with a $70.14 average price target.
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SecureWorks (SCWX)
In a report released today, Alex Henderson from Needham assigned a Hold rating to SecureWorks. The company’s shares closed last Thursday at $12.30.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 22.8% and a 61.7% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Acacia Communications.
Currently, the analyst consensus on SecureWorks is a Hold with an average price target of $14.50, representing a 12.9% upside. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a $14.00 price target.
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