Analysts have been eager to weigh in on the Technology sector with new ratings on F5 Networks (FFIV), IMPINJ (PI) and TrueCar (TRUE).
F5 Networks (FFIV)
In a report released today, Alex Henderson from Needham reiterated a Buy rating on F5 Networks, with a price target of $170.00. The company’s shares closed last Monday at $130.92.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 14.9% and a 54.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Forescout Technologies.
F5 Networks has an analyst consensus of Moderate Buy, with a price target consensus of $138.29.
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IMPINJ (PI)
In a report released today, James Ricchiuti from Needham maintained a Buy rating on IMPINJ, with a price target of $25.00. The company’s shares closed last Monday at $20.39.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 11.6% and a 58.0% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.
Currently, the analyst consensus on IMPINJ is a Moderate Buy with an average price target of $29.43, implying a 42.9% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $35.00 price target.
TrueCar (TRUE)
Needham analyst Brad Erickson assigned a Hold rating to TrueCar today. The company’s shares closed last Monday at $2.28, close to its 52-week low of $1.99.
According to TipRanks.com, Erickson is a 2-star analyst with an average return of -1.2% and a 44.7% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
Currently, the analyst consensus on TrueCar is a Hold with an average price target of $3.46, implying a 50.4% upside from current levels. In a report issued on April 23, RBC Capital also maintained a Hold rating on the stock with a $2.50 price target.
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