Analysts have been eager to weigh in on the Technology sector with new ratings on 8X8 (EGHT), Brooks Automation (BRKS) and Ducommun (DCO).
8X8 (EGHT)
In a report released today, Josh Nichols from B.Riley FBR reiterated a Sell rating on 8X8, with a price target of $12.00. The company’s shares closed last Thursday at $17.10.
According to TipRanks.com, Nichols is a 4-star analyst with an average return of 7.8% and a 41.8% success rate. Nichols covers the Technology sector, focusing on stocks such as Smith Micro Software, Avid Technology, and RF Industries.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for 8X8 with a $20.25 average price target.
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Brooks Automation (BRKS)
In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Brooks Automation, with a price target of $65.00. The company’s shares closed last Thursday at $47.31, close to its 52-week high of $50.35.
According to TipRanks.com, Ellis is a 3-star analyst with an average return of 2.0% and a 51.1% success rate. Ellis covers the Technology sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brooks Automation with a $49.00 average price target.
Ducommun (DCO)
B.Riley FBR analyst Mike Crawford maintained a Buy rating on Ducommun yesterday and set a price target of $54.00. The company’s shares closed last Thursday at $34.25.
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 4.8% and a 52.2% success rate. Crawford covers the Technology sector, focusing on stocks such as TTM Technologies, Kratos Defense, and Widepoint.
Currently, the analyst consensus on Ducommun is a Strong Buy with an average price target of $42.25, which is a 25.4% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $46.00 price target.
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