Analysts have been eager to weigh in on the Technology sector with new ratings on Cubic (CUB), Micron (MU) and Verint Systems (VRNT).
Cubic (CUB)
In a report released today, James Ricchiuti from Needham assigned a Hold rating to Cubic. The company’s shares closed last Wednesday at $74.57, close to its 52-week high of $78.13.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 23.5% and a 67.4% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Cubic with a $70.00 average price target, which is a -8.3% downside from current levels. In a report issued on March 22, Raymond James also maintained a Hold rating on the stock.
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Micron (MU)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Micron, with a price target of $150.00. The company’s shares closed last Wednesday at $88.21, close to its 52-week high of $95.75.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 13.7% and a 56.5% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Micron with a $116.68 average price target, which is a 33.4% upside from current levels. In a report issued on March 17, J.P. Morgan also maintained a Buy rating on the stock with a $130.00 price target.
Verint Systems (VRNT)
Needham analyst Ryan MacDonald reiterated a Buy rating on Verint Systems today and set a price target of $61.00. The company’s shares closed last Wednesday at $45.49.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 38.9% and a 67.7% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software, ChannelAdvisor, and Veeva Systems.
Verint Systems has an analyst consensus of Strong Buy, with a price target consensus of $68.75.
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