Companies in the Technology sector have received a lot of coverage today as analysts weigh in on RingCentral (RNG), Zynga (ZNGA) and Lyft (LYFT).
RingCentral (RNG)
In a report released today, Richard Valera from Needham maintained a Buy rating on RingCentral, with a price target of $280.00. The company’s shares closed last Wednesday at $245.04, close to its 52-week high of $256.61.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 7.7% and a 58.3% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Trimble Navigation, and Altair Engineering.
RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $257.42, which is a 7.2% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $270.00 price target.
See today’s analyst top recommended stocks >>
Zynga (ZNGA)
Wells Fargo analyst Brian Fitzgerald maintained a Hold rating on Zynga today and set a price target of $8.00. The company’s shares closed last Wednesday at $7.95, close to its 52-week high of $8.00.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 29.5% and a 77.8% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as UBISOFT Entertainment, IAC/InterActiveCorp, and LiveRamp Holdings.
Currently, the analyst consensus on Zynga is a Moderate Buy with an average price target of $8.32.
Lyft (LYFT)
In a report released today, Brad Erickson from Needham assigned a Buy rating to Lyft, with a price target of $41.00. The company’s shares closed last Wednesday at $26.12.
According to TipRanks.com, Erickson is a 2-star analyst with an average return of -1.2% and a 41.9% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
Lyft has an analyst consensus of Moderate Buy, with a price target consensus of $48.16, an 81.8% upside from current levels. In a report issued on April 27, Raymond James also maintained a Buy rating on the stock with a $40.00 price target.
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