Analysts have been eager to weigh in on the Technology sector with new ratings on Xilinx (XLNX), Everbridge (EVBG) and Velodyne Lidar (VLDR).
Xilinx (XLNX)
In a report released today, Quinn Bolton from Needham maintained a Hold rating on Xilinx. The company’s shares closed last Monday at $119.59.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 40.8% and a 72.2% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Axcelis Technologies.
Xilinx has an analyst consensus of Hold, with a price target consensus of $131.67, implying a 6.9% upside from current levels. In a report issued on May 4, Raymond James also reiterated a Hold rating on the stock.
See today’s analyst top recommended stocks >>
Everbridge (EVBG)
Needham analyst Scott Berg assigned a Buy rating to Everbridge today and set a price target of $175.00. The company’s shares closed last Monday at $110.28, close to its 52-week low of $100.17.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 27.3% and a 66.7% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and BigCommerce Holdings.
Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $167.86, implying a 47.4% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $160.00 price target.
Velodyne Lidar (VLDR)
In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Velodyne Lidar, with a price target of $30.00. The company’s shares closed last Monday at $11.38, close to its 52-week low of $10.93.
According to TipRanks.com, Rusch is a top 25 analyst with an average return of 59.4% and a 61.6% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as SolarEdge Technologies, Westport Fuel Systems, and Workhorse Group.
Currently, the analyst consensus on Velodyne Lidar is a Moderate Buy with an average price target of $19.29.
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.
