There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Shotspotter (SSTI) and Telus (TU) with bullish sentiments.
Shotspotter (SSTI)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Shotspotter, with a price target of $49.00. The company’s shares closed last Thursday at $37.32.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 33.1% and a 61.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Currently, the analyst consensus on Shotspotter is a Strong Buy with an average price target of $47.33.
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Telus (TU)
In a report issued on April 1, Aravinda Galappatthige from Canaccord Genuity maintained a Buy rating on Telus, with a price target of C$29.00. The company’s shares closed last Thursday at $20.23.
According to TipRanks.com, Galappatthige is a 4-star analyst with an average return of 7.2% and a 55.4% success rate. Galappatthige covers the Services sector, focusing on stocks such as Cogeco Communications, Corus Entertainment, and Shaw Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Telus with a $25.24 average price target, representing a 26.2% upside. In a report issued on March 31, CIBC also upgraded the stock to Buy.
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