Analysts have been eager to weigh in on the Services sector with new ratings on Pareteum Corp (TEUM) and Potbelly Corp (PBPB).
Pareteum Corp (TEUM)
In a report released yesterday, Allen Klee from Maxim Group maintained a Buy rating on Pareteum Corp, with a price target of $9. The company’s shares closed yesterday at $3.19.
Klee observed:
“2Q19 up nearly 5x y/y, outperformed our expectations of $26.8M and consensus of $26.5M, while adjusted EBITDA of $6.1M was up from $1.3M in 2Q18 and beat our estimate of $4.2M and consensus of $4.5M.”
According to TipRanks.com, Klee has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.0% and a 25.8% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
Currently, the analyst consensus on Pareteum Corp is a Strong Buy with an average price target of $8.17, implying a 156.1% upside from current levels. In a report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $8.50 price target.
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Potbelly Corp (PBPB)
Maxim Group analyst Stephen Anderson maintained a Hold rating on Potbelly Corp yesterday and set a price target of $4. The company’s shares closed yesterday at $3.60, close to its 52-week low of $3.10.
Anderson commented:
“We maintain our Hold rating and $4 price target on Potbelly (PBPB) following yesterday’s release of disappointing 2Q19 (June) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 6.8% and a 58.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
The word on The Street in general, suggests a Hold analyst consensus rating for Potbelly Corp with a $4 average price target.
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