There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Smartsheet (SMAR), Issuer Direct (ISDR) and Identiv (INVE) with bullish sentiments.
Smartsheet (SMAR)
Stephens analyst Ryan MacWilliams maintained a Buy rating on Smartsheet today and set a price target of $80.00. The company’s shares closed last Thursday at $66.07.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 32.8% and a 76.6% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Vonage Holdings.
Currently, the analyst consensus on Smartsheet is a Strong Buy with an average price target of $79.80.
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Issuer Direct (ISDR)
Northland Securities analyst Michael Grondahl maintained a Buy rating on Issuer Direct today and set a price target of $24.00. The company’s shares closed last Thursday at $21.15.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 27.3% and a 62.4% success rate. Grondahl covers the Financial sector, focusing on stocks such as WisdomTree Investments, Medallion Financial, and Shift Technologies.
Issuer Direct has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.
Identiv (INVE)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Identiv, with a price target of $14.00. The company’s shares closed last Thursday at $10.95.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 36.1% and a 62.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Ribbon Communications.
Currently, the analyst consensus on Identiv is a Moderate Buy with an average price target of $14.00.
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