There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Rada Electronics Industries (RADA), SharpSpring (SHSP) and Lyft (LYFT) with bullish sentiments.
Rada Electronics Industries (RADA)
Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on Rada Electronics Industries yesterday and set a price target of $9.00. The company’s shares closed last Tuesday at $7.45, close to its 52-week high of $7.77.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 19.2% and a 69.7% success rate. Herbert covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, CPI Aerostructures, and Maxar Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rada Electronics Industries with a $9.00 average price target.
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SharpSpring (SHSP)
In a report released yesterday, David Hynes from Canaccord Genuity maintained a Buy rating on SharpSpring, with a price target of $14.00. The company’s shares closed last Tuesday at $13.20, close to its 52-week high of $14.73.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 31.2% and a 72.4% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Slack Technologies.
SharpSpring has an analyst consensus of Strong Buy, with a price target consensus of $15.00.
Lyft (LYFT)
In a report released today, Brad Erickson from Needham assigned a Buy rating to Lyft, with a price target of $41.00. The company’s shares closed last Tuesday at $36.05.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 24.0% and a 59.3% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Zillow Group Class C, and Fiverr International.
Currently, the analyst consensus on Lyft is a Moderate Buy with an average price target of $42.74, which is a 16.2% upside from current levels. In a report issued on November 4, Wedbush also maintained a Buy rating on the stock.
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