There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on EverQuote (EVER), BigCommerce Holdings (BIGC) and Velodyne Lidar (VLDR) with bullish sentiments.
EverQuote (EVER)
Oppenheimer analyst Jed Kelly assigned a Buy rating to EverQuote yesterday and set a price target of $70.00. The company’s shares closed last Tuesday at $49.75.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 14.6% and a 54.8% success rate. Kelly covers the Technology sector, focusing on stocks such as Rush Street Interactive, DraftKings, and CarGurus.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EverQuote with a $62.00 average price target, representing a 29.1% upside. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $65.00 price target.
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BigCommerce Holdings (BIGC)
Needham analyst Scott Berg maintained a Buy rating on BigCommerce Holdings yesterday and set a price target of $85.00. The company’s shares closed last Tuesday at $63.33, close to its 52-week low of $57.26.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 34.7% and a 76.1% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
Currently, the analyst consensus on BigCommerce Holdings is a Hold with an average price target of $70.80.
Velodyne Lidar (VLDR)
Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on Velodyne Lidar on February 19 and set a price target of $28.00. The company’s shares closed last Tuesday at $16.26.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 23.0% and a 65.7% success rate. Gerra covers the Technology sector, focusing on stocks such as Himax Technologies, Western Digital, and Lattice Semicon.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Velodyne Lidar with a $29.57 average price target, representing an 81.2% upside. In a report issued on February 9, Craig-Hallum also maintained a Buy rating on the stock with a $29.00 price target.
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