Analysts have been eager to weigh in on the Technology sector with new ratings on Splunk (SPLK), Upland Software (UPLD) and Marvell (MRVL).
Splunk (SPLK)
In a report released today, Robert Majek from Raymond James maintained a Buy rating on Splunk, with a price target of $195.00. The company’s shares closed last Wednesday at $143.19.
According to TipRanks.com, Majek is a 1-star analyst with an average return of -0.5% and a 45.7% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and NortonLifeLock.
Splunk has an analyst consensus of Moderate Buy, with a price target consensus of $213.36, representing a 43.1% upside. In a report issued on February 24, Jefferies also maintained a Buy rating on the stock with a $240.00 price target.
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Upland Software (UPLD)
In a report released yesterday, Brian Peterson from Raymond James reiterated a Buy rating on Upland Software, with a price target of $55.00. The company’s shares closed last Wednesday at $48.26, close to its 52-week high of $52.00.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 34.2% and a 74.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Qualtrics International, and ZoomInfo Technologies.
Currently, the analyst consensus on Upland Software is a Strong Buy with an average price target of $59.83, which is a 20.1% upside from current levels. In a report issued on February 24, Canaccord Genuity also maintained a Buy rating on the stock with a $57.00 price target.
Marvell (MRVL)
Raymond James analyst Chris Caso initiated coverage with a Hold rating on Marvell yesterday. The company’s shares closed last Wednesday at $45.56.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 19.0% and a 58.7% success rate. Caso covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, NXP Semiconductors, and Skyworks Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marvell with a $57.00 average price target, representing a 21.0% upside. In a report issued on March 1, Morgan Stanley also maintained a Hold rating on the stock with a $49.00 price target.
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