There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Veritone (VERI) and Exfo (EXFO) with bullish sentiments.
Veritone (VERI)
Northland Securities analyst Michael Latimore maintained a Buy rating on Veritone today and set a price target of $15.00. The company’s shares closed last Wednesday at $12.15.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 18.3% and a 56.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Veritone has an analyst consensus of Moderate Buy, with a price target consensus of $16.67, which is a 36.2% upside from current levels. In a report issued on June 25, Roth Capital also maintained a Buy rating on the stock with a $18.00 price target.
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Exfo (EXFO)
Northland Securities analyst Tim Savageaux maintained a Buy rating on Exfo today and set a price target of $5.00. The company’s shares closed last Wednesday at $3.22.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 5.6% and a 52.1% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.
Exfo has an analyst consensus of Moderate Buy, with a price target consensus of $3.62.
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