Analysts have been eager to weigh in on the Technology sector with new ratings on Universal Display (OLED) and RingCentral (RNG).
Universal Display (OLED)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Sell rating on Universal Display, with a price target of $120.00. The company’s shares closed last Tuesday at $248.68, close to its 52-week high of $262.77.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.3% and a 57.2% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Universal Display with a $223.75 average price target.
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RingCentral (RNG)
Needham analyst Richard Valera reiterated a Buy rating on RingCentral today and set a price target of $500.00. The company’s shares closed last Tuesday at $437.02, close to its 52-week high of $449.00.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 27.4% and a 70.4% 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 RingCentral is a Strong Buy with an average price target of $445.31, implying a -0.6% downside from current levels. In a report issued on February 4, Rosenblatt Securities also maintained a Buy rating on the stock with a $430.00 price target.
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