Analysts have been eager to weigh in on the Technology sector with new ratings on ANGI Homeservices (ANGI), Splunk (SPLK) and RingCentral (RNG).
ANGI Homeservices (ANGI)
In a report released today, Jake Fuller from BTIG maintained a Hold rating on ANGI Homeservices. The company’s shares closed last Tuesday at $14.26.
According to TipRanks.com, Fuller is a 5-star analyst with an average return of 21.5% and a 64.6% success rate. Fuller covers the Services sector, focusing on stocks such as Booking Holdings, TripCom Group, and TripAdvisor.
Currently, the analyst consensus on ANGI Homeservices is a Moderate Buy with an average price target of $16.33.
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Splunk (SPLK)
In a report issued on May 31, Gray Powell from BTIG maintained a Hold rating on Splunk. The company’s shares closed last Tuesday at $120.28, close to its 52-week low of $110.28.
According to TipRanks.com, Powell is a 4-star analyst with an average return of 16.4% and a 63.6% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.
Currently, the analyst consensus on Splunk is a Moderate Buy with an average price target of $181.85, implying a 47.2% upside from current levels. In a report issued on May 20, UBS also upgraded the stock to Hold with a $125.00 price target.
RingCentral (RNG)
In a report released yesterday, Matthew VanVliet from BTIG reiterated a Buy rating on RingCentral, with a price target of $400.00. The company’s shares closed last Tuesday at $253.00, close to its 52-week low of $229.00.
According to TipRanks.com, VanVliet is a 4-star analyst with an average return of 14.0% and a 49.1% success rate. VanVliet covers the Technology sector, focusing on stocks such as Tyler Technologies, Bill.com Holdings, and Sprout Social.
RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $421.07, a 60.7% upside from current levels. In a report issued on May 20, Mizuho Securities also maintained a Buy rating on the stock with a $400.00 price target.
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