There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Perion Network (PERI), Smartsheet (SMAR) and Intrusion (INTZ) with bullish sentiments.
Perion Network (PERI)
In a report released today, Laura Martin from Needham assigned a Buy rating to Perion Network, with a price target of $60.00. The company’s shares closed last Wednesday at $17.90.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 30.4% and a 64.6% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and CuriosityStream.
Perion Network has an analyst consensus of Strong Buy, with a price target consensus of $37.75, representing an 115.5% upside. In a report issued on March 29, Oppenheimer also assigned a Buy rating to the stock with a $30.00 price target.
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Smartsheet (SMAR)
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Smartsheet today and set a price target of $85.00. The company’s shares closed last Wednesday at $63.92.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 37.6% and a 71.0% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet with a $82.00 average price target, representing a 32.3% upside. In a report issued on March 17, Stephens also assigned a Buy rating to the stock with a $80.00 price target.
Intrusion (INTZ)
In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Intrusion, with a price target of $35.00. The company’s shares closed last Wednesday at $23.37.
According to TipRanks.com, Buck is ranked #302 out of 7415 analysts.
Currently, the analyst consensus on Intrusion is a Moderate Buy with an average price target of $32.50.
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