Analysts have been eager to weigh in on the Technology sector with new ratings on New Relic (NEWR), EverQuote (EVER) and NeoPhotonics (NPTN).
New Relic (NEWR)
In a report released today, Ittai Kidron from Oppenheimer maintained a Buy rating on New Relic, with a price target of $75.00. The company’s shares closed last Tuesday at $73.50.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 36.3% and a 76.9% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Citrix Systems.
Currently, the analyst consensus on New Relic is a Moderate Buy with an average price target of $71.85, representing a 0.1% upside. In a report released today, Needham also assigned a Buy rating to the stock with a $77.00 price target.
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EverQuote (EVER)
Oppenheimer analyst Jed Kelly maintained a Buy rating on EverQuote today and set a price target of $65.00. The company’s shares closed last Tuesday at $54.12.
According to TipRanks.com, Kelly is a 5-star analyst with an average return of 12.4% and a 51.4% success rate. Kelly covers the Technology sector, focusing on stocks such as Paypal Holdings, Black Knight, and Corelogic.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EverQuote with a $66.67 average price target, representing a 21.3% upside. In a report released today, Needham also reiterated a Buy rating on the stock with a $65.00 price target.
NeoPhotonics (NPTN)
In a report released today, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on NeoPhotonics, with a price target of $9.00. The company’s shares closed last Tuesday at $9.95, close to its 52-week high of $10.34.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 28.4% and a 77.0% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and CommScope Holding.
NeoPhotonics has an analyst consensus of Moderate Buy, with a price target consensus of $10.25.
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