Analysts have been eager to weigh in on the Technology sector with new ratings on Everbridge (EVBG), Datadog (DDOG) and Fortinet (FTNT).
Everbridge (EVBG)
Northland Securities analyst Michael Latimore maintained a Buy rating on Everbridge today and set a price target of $155.00. The company’s shares closed last Thursday at $145.83.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 19.7% and a 58.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Everbridge has an analyst consensus of Strong Buy, with a price target consensus of $161.33, which is a 8.0% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $180.00 price target.
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Datadog (DDOG)
Oppenheimer analyst Ittai Kidron maintained a Hold rating on Datadog today. The company’s shares closed last Thursday at $90.01, close to its 52-week high of $98.99.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 35.1% and a 74.5% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Arista Networks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datadog with a $88.42 average price target, implying a -4.6% downside from current levels. In a report issued on July 27, Morgan Stanley also maintained a Hold rating on the stock with a $80.00 price target.
Fortinet (FTNT)
Wedbush analyst Daniel Ives maintained a Buy rating on Fortinet today and set a price target of $170.00. The company’s shares closed last Thursday at $139.51, close to its 52-week high of $151.95.
According to TipRanks.com, Ives is a 5-star analyst with an average return of 18.2% and a 64.2% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for Fortinet with a $141.25 average price target, representing a 0.9% upside. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $160.00 price target.
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