Analysts have been eager to weigh in on the Technology sector with new ratings on Manhattan Associates (MANH) and Lyft (LYFT).
Manhattan Associates (MANH)
Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Manhattan Associates today and set a price target of $165.00. The company’s shares closed last Tuesday at $134.94, close to its 52-week high of $146.84.
According to TipRanks.com, Zgutowicz is a top 100 analyst with an average return of 56.9% and a 77.6% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Criteo SA, and Pinterest.
Manhattan Associates has an analyst consensus of Strong Buy, with a price target consensus of $157.50, which is a 16.6% upside from current levels. In a report issued on April 27, Robert W. Baird also maintained a Buy rating on the stock with a $145.00 price target.
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Lyft (LYFT)
In a report released today, Brian White from Monness maintained a Hold rating on Lyft. The company’s shares closed last Tuesday at $56.19.
According to TipRanks.com, White is a top 100 analyst with an average return of 28.9% and a 73.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Alphabet Class A.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft with a $71.29 average price target, a 26.9% upside from current levels. In a report issued on April 20, Nomura also initiated coverage with a Hold rating on the stock with a $61.00 price target.
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