Analysts have been eager to weigh in on the Technology sector with new ratings on Bumble (BMBL), Orbcomm (ORBC) and Nvidia (NVDA).
Bumble (BMBL)
In a report released today, Andrew Marok from Raymond James maintained a Hold rating on Bumble. The company’s shares closed last Monday at $58.50, close to its 52-week low of $57.40.
According to TipRanks.com, Marok is a 4-star analyst with an average return of 28.2% and a 93.8% success rate. Marok covers the Consumer Goods sector, focusing on stocks such as Activision Blizzard, Electronic Arts, and Take-Two.
Currently, the analyst consensus on Bumble is a Moderate Buy with an average price target of $67.46, a 10.1% upside from current levels. In a report issued on March 30, Loop Capital Markets also initiated coverage with a Hold rating on the stock with a $65.00 price target.
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Orbcomm (ORBC)
In a report released yesterday, Ric Prentiss from Raymond James maintained a Buy rating on Orbcomm. The company’s shares closed last Monday at $11.50, close to its 52-week high of $11.55.
According to TipRanks.com, Prentiss is a 4-star analyst with an average return of 4.2% and a 66.4% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems, and Iridium Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orbcomm with a $11.50 average price target, which is a 0.2% upside from current levels. In a report issued on April 9, Northland Securities also assigned a Buy rating to the stock with a $11.50 price target.
Nvidia (NVDA)
In a report released today, Chris Caso from Raymond James maintained a Buy rating on Nvidia. The company’s shares closed last Monday at $608.36, close to its 52-week high of $614.90.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 22.0% and a 63.0% success rate. Caso covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, NXP Semiconductors, and Skyworks Solutions.
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $658.96, implying a 15.3% upside from current levels. In a report issued on April 6, Merrill Lynch also reiterated a Buy rating on the stock.
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