Analysts have been eager to weigh in on the Technology sector with new ratings on Synaptics (SYNA), Match Group (MTCH) and Dynatrace (DT).
Synaptics (SYNA)
In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Synaptics, with a price target of $120.00. The company’s shares closed last Thursday at $106.87, close to its 52-week high of $108.01.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 27.3% and a 70.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics with a $114.50 average price target.
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Match Group (MTCH)
Barclays analyst Mario Lu maintained a Hold rating on Match Group on February 3 and set a price target of $140.00. The company’s shares closed last Thursday at $150.63, close to its 52-week high of $159.85.
According to TipRanks.com, Lu is ranked #1427 out of 7271 analysts.
Match Group has an analyst consensus of Moderate Buy, with a price target consensus of $158.00, representing an 11.4% upside. In a report issued on January 28, Wells Fargo also maintained a Hold rating on the stock with a $160.00 price target.
Dynatrace (DT)
Barclays analyst Raimo Lenschow maintained a Buy rating on Dynatrace on February 3 and set a price target of $60.00. The company’s shares closed last Thursday at $51.75, close to its 52-week high of $52.48.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 27.9% and a 76.3% success rate. Lenschow covers the Technology sector, focusing on stocks such as Nuance Communications, BigCommerce Holdings, and Cornerstone Ondemand.
Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $58.45, a 14.6% upside from current levels. In a report issued on January 19, Truist Financial also initiated coverage with a Buy rating on the stock with a $50.00 price target.
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