There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Kaleyra (KLR) and Nokia (NOK) with bullish sentiments.
Kaleyra (KLR)
Northland Securities analyst Michael Latimore maintained a Buy rating on Kaleyra today and set a price target of $23.00. The company’s shares closed last Thursday at $15.74.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 34.9% and a 62.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kaleyra with a $30.00 average price target.
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Nokia (NOK)
In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on Nokia, with a price target of $6.00. The company’s shares closed last Thursday at $3.91.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 25.8% and a 66.6% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nokia with a $5.16 average price target, which is a 27.7% upside from current levels. In a report issued on March 11, Kepler Capital also maintained a Buy rating on the stock with a EUR4.20 price target.
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