There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Infinera (INFN) and Liveperson (LPSN) with bullish sentiments.
Infinera (INFN)
B.Riley FBR analyst Dave Kang reiterated a Buy rating on Infinera today and set a price target of $9.50. The company’s shares closed last Friday at $6.00.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 19.9% and a 65.7% success rate. Kang covers the Technology sector, focusing on stocks such as Applied Optoelectronics, DASAN Zhone Solutions, and Acacia Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Infinera with a $7.23 average price target, which is a 16.6% upside from current levels. In a report issued on June 10, Needham also reiterated a Buy rating on the stock with a $12.00 price target.
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Liveperson (LPSN)
In a report released today, Zach Cummins from B.Riley FBR reiterated a Buy rating on Liveperson, with a price target of $43.00. The company’s shares closed last Friday at $36.10.
According to TipRanks.com, Cummins is a 3-star analyst with an average return of 1.6% and a 44.5% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International, American Software, and ChannelAdvisor.
Liveperson has an analyst consensus of Strong Buy, with a price target consensus of $36.89, which is a -1.5% downside from current levels. In a report issued on June 17, Northland Securities also assigned a Buy rating to the stock with a $45.00 price target.
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