Analysts have been eager to weigh in on the Technology sector with new ratings on Seagate Tech (STX), Castlight Health (CSLT) and Alarm (ALRM).
Seagate Tech (STX)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Sell rating on Seagate Tech, with a price target of $58.00. The company’s shares closed last Friday at $82.07, close to its 52-week high of $82.85.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.6% and a 57.0% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
Currently, the analyst consensus on Seagate Tech is a Moderate Buy with an average price target of $77.44.
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Castlight Health (CSLT)
Colliers Securities analyst Eugene Mannheimer reiterated a Buy rating on Castlight Health today and set a price target of $2.50. The company’s shares closed last Friday at $1.56.
According to TipRanks.com, Mannheimer is a 4-star analyst with an average return of 15.3% and a 58.3% success rate. Mannheimer covers the Technology sector, focusing on stocks such as Computer Programs and Systems, NextGen Healthcare, and Allscripts.
Currently, the analyst consensus on Castlight Health is a Moderate Buy with an average price target of $2.25.
Alarm (ALRM)
Roth Capital analyst Darren Aftahi maintained a Buy rating on Alarm yesterday and set a price target of $110.00. The company’s shares closed last Friday at $94.90.
According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 47.6% and a 55.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Remark Holdings, and Digital Turbine.
Currently, the analyst consensus on Alarm is a Strong Buy with an average price target of $107.50, a 13.3% upside from current levels. In a report issued on April 7, Imperial Capital also upgraded the stock to Buy with a $105.00 price target.
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