Analysts have been eager to weigh in on the Technology sector with new ratings on 8X8 (EGHT), Adobe (ADBE) and Agilysys (AGYS).
8X8 (EGHT)
In a report released today, Meta Marshall from Morgan Stanley maintained a Hold rating on 8X8, with a price target of $20.00. The company’s shares closed last Monday at $18.53.
According to TipRanks.com, Marshall is a 2-star analyst with an average return of -5.3% and a 51.2% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Lumentum Holdings, and Viavi Solutions.
8X8 has an analyst consensus of Moderate Buy, with a price target consensus of $24.79.
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Adobe (ADBE)
In a report released today, Keith Weiss from Morgan Stanley maintained a Buy rating on Adobe, with a price target of $375.00. The company’s shares closed last Monday at $312.11.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 13.1% and a 58.7% success rate. Weiss covers the Technology sector, focusing on stocks such as Slack Technologies, Citrix Systems, and NortonLifeLock.
Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $345.06, representing a 12.0% upside. In a report issued on March 12, Robert W. Baird also maintained a Buy rating on the stock with a $346.00 price target.
Agilysys (AGYS)
In a report released today, Ishfaque Faruk from Sidoti maintained a Buy rating on Agilysys, with a price target of $29.00. The company’s shares closed last Monday at $16.12, close to its 52-week low of $12.61.
According to TipRanks.com, Faruk is ranked #4957 out of 6165 analysts.
Currently, the analyst consensus on Agilysys is a Moderate Buy with an average price target of $31.00, representing a 104.6% upside. In a report issued on March 16, Craig-Hallum also maintained a Buy rating on the stock with a $27.00 price target.
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