Analysts have been eager to weigh in on the Technology sector with new ratings on IPG Photonics (IPGP) and Everbridge (EVBG).
IPG Photonics (IPGP)
In a report released yesterday, Jonathan Dorsheimer from Canaccord Genuity maintained a Hold rating on IPG Photonics, with a price target of $149.00. The company’s shares closed last Tuesday at $144.10.
According to TipRanks.com, Dorsheimer is a 1-star analyst with an average return of -4.6% and a 37.8% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Stmicroelectronics, Plug Power, and Sensata.
Currently, the analyst consensus on IPG Photonics is a Moderate Buy with an average price target of $168.47, which is a 20.3% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Hold rating on the stock with a $150.00 price target.
See today’s analyst top recommended stocks >>
Everbridge (EVBG)
Canaccord Genuity analyst David Hynes maintained a Buy rating on Everbridge yesterday and set a price target of $135.00. The company’s shares closed last Tuesday at $112.86.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 31.7% and a 73.0% success rate. Hynes covers the Technology sector, focusing on stocks such as Veeva Systems, SharpSpring, and ServiceNow.
Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $120.36, a 7.8% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $119.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
