Analysts have been eager to weigh in on the Technology sector with new ratings on BCE (BCE), Akamai (AKAM) and Snap (SNAP).
BCE (BCE)
Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on BCE yesterday and set a price target of C$59.00. The company’s shares closed last Tuesday at $41.93.
According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of 0.0% and a 54.2% success rate. Galappatthige covers the Services sector, focusing on stocks such as Lions Gate Entertainment, Cogeco Communications, and Shaw Communications.
Currently, the analyst consensus on BCE is a Moderate Buy with an average price target of $45.42.
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Akamai (AKAM)
Needham analyst Alex Henderson assigned a Buy rating to Akamai today and set a price target of $135.00. The company’s shares closed last Tuesday at $113.45, close to its 52-week high of $116.39.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 20.0% and a 60.0% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Forescout Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $117.46 average price target, implying a 1.5% upside from current levels. In a report issued on July 10, J.P. Morgan also maintained a Buy rating on the stock with a $122.00 price target.
Snap (SNAP)
In a report released today, Laura Martin from Needham assigned a Hold rating to Snap. The company’s shares closed last Tuesday at $24.74, close to its 52-week high of $26.76.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 19.9% and a 66.4% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, Nielsen Holdings, and World Wrestling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snap with a $26.18 average price target, implying a 2.3% upside from current levels. In a report issued on July 9, Morgan Stanley also maintained a Hold rating on the stock with a $25.00 price target.
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