Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Ciena (CIEN) and Cardlytics (CDLX).
Ciena (CIEN)
In a report released today, Simon Leopold from Raymond James maintained a Buy rating on Ciena, with a price target of $56.00. The company’s shares closed last Thursday at $48.87.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 9.6% and a 60.1% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Applied Optoelectronics.
Ciena has an analyst consensus of Moderate Buy, with a price target consensus of $57.59, representing a 10.5% upside. In a report issued on February 25, Citigroup also maintained a Buy rating on the stock with a $65.00 price target.
See today’s analyst top recommended stocks >>
Cardlytics (CDLX)
Raymond James analyst Aaron Kessler maintained a Hold rating on Cardlytics today. The company’s shares closed last Thursday at $126.02.
According to TipRanks.com, Kessler is a top 100 analyst with an average return of 27.5% and a 72.6% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class C.
The word on The Street in general, suggests a Hold analyst consensus rating for Cardlytics with a $135.00 average price target, implying a 10.2% upside from current levels. In a report issued on March 2, Craig-Hallum also maintained a Hold rating on the stock with a $145.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
