Analysts have been eager to weigh in on the Technology sector with new ratings on Trimble Navigation (TRMB), Qorvo (QRVO) and Accolade (ACCD).
Trimble Navigation (TRMB)
In a report released today, Colin Rusch from Oppenheimer assigned a Buy rating to Trimble Navigation, with a price target of $95.00. The company’s shares closed last Wednesday at $81.11, close to its 52-week high of $84.87.
According to TipRanks.com, Rusch is a top 25 analyst with an average return of 62.7% and a 61.9% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as SolarEdge Technologies, Westport Fuel Systems, and Workhorse Group.
Currently, the analyst consensus on Trimble Navigation is a Moderate Buy with an average price target of $78.50.
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Qorvo (QRVO)
In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Hold rating on Qorvo, with a price target of $200.00. The company’s shares closed last Wednesday at $182.56.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 25.9% and a 70.6% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.
Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $207.29.
Accolade (ACCD)
In a report released today, Ryan MacDonald from Needham reiterated a Buy rating on Accolade, with a price target of $59.00. The company’s shares closed last Wednesday at $45.05.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 39.5% and a 66.7% success rate. MacDonald covers the Technology sector, focusing on stocks such as ChannelAdvisor, Coupa Software, and Verint Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Accolade with a $59.14 average price target, a 26.0% upside from current levels. In a report issued on April 23, Piper Sandler also maintained a Buy rating on the stock with a $60.00 price target.
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