Analysts have been eager to weigh in on the Technology sector with new ratings on Applied Optoelectronics (AAOI), C3ai (AI) and SciPlay (SCPL).
Applied Optoelectronics (AAOI)
In a report released yesterday, Simon Leopold from Raymond James maintained a Hold rating on Applied Optoelectronics. The company’s shares closed last Monday at $9.02.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 10.1% and a 61.1% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and CommScope Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Optoelectronics with a $12.00 average price target, implying a 26.1% upside from current levels. In a report released today, Needham also downgraded the stock to Hold.
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C3ai (AI)
Piper Sandler analyst Arvind Ramnani maintained a Buy rating on C3ai today and set a price target of $141.00. The company’s shares closed last Monday at $121.05.
According to TipRanks.com, Ramnani is a 5-star analyst with an average return of 19.0% and a 75.2% success rate. Ramnani covers the Technology sector, focusing on stocks such as Epam Systems, Pluralsight, and Q2 Holdings.
Currently, the analyst consensus on C3ai is a Hold with an average price target of $141.33, implying a 21.6% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $175.00 price target.
SciPlay (SCPL)
In a report released today, Tyler Parker from KeyBanc maintained a Buy rating on SciPlay, with a price target of $23.00. The company’s shares closed last Monday at $19.26, close to its 52-week high of $21.74.
Parker has an average return of 18.0% when recommending SciPlay.
According to TipRanks.com, Parker is ranked #1921 out of 7342 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for SciPlay with a $19.09 average price target, a 1.8% upside from current levels. In a report issued on February 18, Deutsche Bank also maintained a Buy rating on the stock with a $23.00 price target.
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