Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicom (SILC), Verizon (VZ) and Vertex (VERX).
Silicom (SILC)
Needham analyst Alex Henderson assigned a Buy rating to Silicom today and set a price target of $55.00. The company’s shares closed last Wednesday at $47.80.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 26.4% and a 64.6% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and CyberArk Software.
Silicom has an analyst consensus of Moderate Buy, with a price target consensus of $55.00.
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Verizon (VZ)
Oppenheimer analyst Timothy Horan assigned a Hold rating to Verizon today. The company’s shares closed last Wednesday at $57.08.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 18.6% and a 64.0% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
Currently, the analyst consensus on Verizon is a Moderate Buy with an average price target of $61.00, a 7.6% upside from current levels. In a report issued on February 25, Scotiabank also downgraded the stock to Hold with a $59.00 price target.
Vertex (VERX)
In a report released today, Joshua Reilly from Needham maintained a Buy rating on Vertex, with a price target of $30.00. The company’s shares closed last Wednesday at $25.13.
According to TipRanks.com, Reilly is ranked #3958 out of 7363 analysts.
Vertex has an analyst consensus of Moderate Buy, with a price target consensus of $30.75.
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