There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cubic (CUB) and Avaya Holdings (AVYA) with bullish sentiments.
Cubic (CUB)
Needham analyst James Ricchiuti maintained a Buy rating on Cubic today and set a price target of $71.00. The company’s shares closed last Wednesday at $65.03.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 19.2% and a 67.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
Currently, the analyst consensus on Cubic is a Moderate Buy with an average price target of $62.57, implying a -5.0% downside from current levels. In a report issued on November 5, Raymond James also downgraded the stock to Buy with a $66.00 price target.
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Avaya Holdings (AVYA)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Avaya Holdings, with a price target of $20.00. The company’s shares closed last Wednesday at $18.06, close to its 52-week high of $19.70.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 18.7% and a 57.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Avaya Holdings has an analyst consensus of Strong Buy, with a price target consensus of $21.50.
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