Analysts have been eager to weigh in on the Technology sector with new ratings on Twilio (TWLO), Fastly (FSLY) and nLIGHT (LASR).
Twilio (TWLO)
In a report released today, Richard Valera from Needham maintained a Buy rating on Twilio, with a price target of $500.00. The company’s shares closed last Wednesday at $411.65, close to its 52-week high of $441.19.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 26.4% and a 69.9% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Altair Engineering, and Trimble Navigation.
Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $455.63, implying an 8.5% upside from current levels. In a report issued on February 3, KeyBanc also maintained a Buy rating on the stock with a $420.00 price target.
See today’s analyst top recommended stocks >>
Fastly (FSLY)
In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Fastly, with a price target of $110.00. The company’s shares closed last Wednesday at $94.85.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 20.4% and a 68.6% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fastly with a $88.33 average price target, a -9.8% downside from current levels. In a report issued on February 16, Raymond James also maintained a Buy rating on the stock.
nLIGHT (LASR)
Benchmark Co. analyst Mark Miller maintained a Hold rating on nLIGHT yesterday. The company’s shares closed last Wednesday at $40.85, close to its 52-week high of $43.18.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 26.5% and a 70.6% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Western Digital.
Currently, the analyst consensus on nLIGHT is a Moderate Buy with an average price target of $45.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.