Analysts have been eager to weigh in on the Technology sector with new ratings on Faro Technologies (FARO) and Snowflake (SNOW).
Faro Technologies (FARO)
In a report released today, James Ricchiuti from Needham maintained a Hold rating on Faro Technologies. The company’s shares closed last Thursday at $76.51.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 23.0% and a 65.3% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Universal Display.
Faro Technologies has an analyst consensus of Hold, with a price target consensus of $75.00.
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Snowflake (SNOW)
Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Snowflake today and set a price target of $265.00. The company’s shares closed last Thursday at $248.80.
According to TipRanks.com, Abernethy is a 4-star analyst with an average return of 11.3% and a 67.9% success rate. Abernethy covers the Technology sector, focusing on stocks such as Sumo Logic, Dynatrace, and Autodesk.
Currently, the analyst consensus on Snowflake is a Moderate Buy with an average price target of $278.21, a 12.5% upside from current levels. In a report issued on May 27, Deutsche Bank also maintained a Buy rating on the stock with a $248.00 price target.
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