Analysts have been eager to weigh in on the Technology sector with new ratings on Seagate Tech (STX) and Gogo (GOGO).
Seagate Tech (STX)
Susquehanna analyst Mehdi Hosseini maintained a Sell rating on Seagate Tech yesterday and set a price target of $37.00. The company’s shares closed last Wednesday at $47.62.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 4.9% and a 45.9% success rate. Hosseini covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.
Seagate Tech has an analyst consensus of Hold, with a price target consensus of $50.23.
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Gogo (GOGO)
In a report released today, Ric Prentiss from Raymond James maintained a Hold rating on Gogo. The company’s shares closed last Wednesday at $8.68.
According to TipRanks.com, Prentiss is a 1-star analyst with an average return of -1.4% and a 62.7% success rate. Prentiss covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Iridium Communications, and United States Cellular.
Currently, the analyst consensus on Gogo is a Moderate Buy with an average price target of $10.00, which is a 4.7% upside from current levels. In a report issued on September 9, Cowen & Co. also downgraded the stock to Hold with a $10.00 price target.
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