Analysts have been eager to weigh in on the Technology sector with new ratings on Infinera (INFN), MACOM Technology Solutions Holdings (MTSI) and New Relic (NEWR).
Infinera (INFN)
In a report released yesterday, Simon Leopold from Raymond James maintained a Hold rating on Infinera. The company’s shares closed last Thursday at $7.15.
According to TipRanks.com, Leopold is a 4-star analyst with an average return of 7.1% and a 55.9% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Dell Technologies.
Infinera has an analyst consensus of Strong Buy, with a price target consensus of $11.63.
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MACOM Technology Solutions Holdings (MTSI)
In a report released yesterday, Chris Caso from Raymond James reiterated a Hold rating on MACOM Technology Solutions Holdings. The company’s shares closed last Thursday at $41.43, close to its 52-week high of $44.69.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 14.8% and a 58.1% success rate. Caso covers the Technology sector, focusing on stocks such as SiTime Corporation, NXP Semiconductors, and Skyworks Solutions.
Currently, the analyst consensus on MACOM Technology Solutions Holdings is a Moderate Buy with an average price target of $46.83, which is a 14.8% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $52.00 price target.
New Relic (NEWR)
In a report released today, Robert Majek from Raymond James maintained a Buy rating on New Relic, with a price target of $70.00. The company’s shares closed last Thursday at $65.14.
According to TipRanks.com, Majek is a 1-star analyst with an average return of -5.3% and a 30.4% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and NortonLifeLock.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for New Relic with a $68.00 average price target, implying a 5.4% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $75.00 price target.
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