There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on New Relic (NEWR) and Everbridge (EVBG) with bullish sentiments.
New Relic (NEWR)
Robert W. Baird analyst Robert Oliver maintained a Buy rating on New Relic on April 6 and set a price target of $75.00. The company’s shares closed last Wednesday at $63.25.
According to TipRanks.com, Oliver is a 5-star analyst with an average return of 33.2% and a 79.9% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Sprout Social, and PROS Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for New Relic with a $69.38 average price target, implying an 8.1% upside from current levels. In a report issued on April 6, Needham also reiterated a Buy rating on the stock with a $78.00 price target.
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Everbridge (EVBG)
In a report issued on April 6, William Power from Robert W. Baird reiterated a Buy rating on Everbridge, with a price target of $165.00. The company’s shares closed last Wednesday at $124.94.
According to TipRanks.com, Power is a top 100 analyst with an average return of 34.3% and a 69.1% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, Vonage Holdings, and Axon Enterprise.
Everbridge has an analyst consensus of Strong Buy, with a price target consensus of $170.71, which is a 32.5% upside from current levels. In a report issued on April 6, Stephens also maintained a Buy rating on the stock with a $165.00 price target.
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