Analysts have been eager to weigh in on the Technology sector with new ratings on Marvell (MRVL), Widepoint (WYY) and TrueCar (TRUE).
Marvell (MRVL)
In a report released today, Craig Ellis from B.Riley FBR reiterated a Buy rating on Marvell, with a price target of $38.00. The company’s shares closed last Thursday at $29.97, close to its 52-week high of $32.00.
According to TipRanks.com, Ellis has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.6% and a 41.5% success rate. Ellis covers the Technology sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Methode Electronics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $31.64 average price target, a 3.6% upside from current levels. In a report issued on May 20, Oppenheimer also reiterated a Buy rating on the stock with a $30.00 price target.
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Widepoint (WYY)
B.Riley FBR analyst Mike Crawford maintained a Buy rating on Widepoint today and set a price target of $0.75. The company’s shares closed last Thursday at $0.56.
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 4.2% and a 52.7% success rate. Crawford covers the Technology sector, focusing on stocks such as TTM Technologies, Finjan Holdings, and Kratos Defense.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Widepoint with a $0.75 average price target.
TrueCar (TRUE)
B.Riley FBR analyst Lee Krowl maintained a Hold rating on TrueCar today and set a price target of $3.00. The company’s shares closed last Thursday at $2.66, close to its 52-week low of $1.98.
According to TipRanks.com, Krowl is a 2-star analyst with an average return of -0.2% and a 36.2% success rate. Krowl covers the Technology sector, focusing on stocks such as Limelight Networks, Digital Turbine, and Akamai.
The word on The Street in general, suggests a Hold analyst consensus rating for TrueCar with a $2.69 average price target.
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