Analysts’ Opinions Are Mixed on These Technology Stocks: New Relic Inc (NEWR) and CooTek (Cayman) Inc. Class A (CTK)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on New Relic Inc (NEWR) and CooTek (Cayman) Inc. Class A (CTK).

New Relic Inc (NEWR)

In a report released today, Sanjit Singh from Morgan Stanley maintained a Buy rating on New Relic Inc, with a price target of $84. The company’s shares closed last Monday at $56.65, close to its 52-week low of $55.60.

According to TipRanks.com, Singh is a 2-star analyst with an average return of 0.9% and a 46.3% success rate. Singh covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Cloudera Inc, and Appian Corp.

New Relic Inc has an analyst consensus of Moderate Buy, with a price target consensus of $90.91, implying a 60.5% upside from current levels. In a report issued on August 7, BMO Capital also maintained a Buy rating on the stock with a $73 price target.

See today’s analyst top recommended stocks >>

CooTek (Cayman) Inc. Class A (CTK)

Merrill Lynch analyst Emerson Chan maintained a Sell rating on CooTek (Cayman) Inc. Class A today and set a price target of $6.60. The company’s shares closed last Monday at $6.20, close to its 52-week low of $5.40.

Chan has an average return of 28.7% when recommending CooTek (Cayman) Inc. Class A.

According to TipRanks.com, Chan is ranked #2920 out of 5240 analysts.

CooTek (Cayman) Inc. Class A has an analyst consensus of Hold, with a price target consensus of $7.75.

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