There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Everbridge Inc (EVBG) and Mimecast Ltd (MIME) with bullish sentiments.
Everbridge Inc (EVBG)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Everbridge Inc, with a price target of $99. The company’s shares closed yesterday at $94.83, close to its 52-week high of $104.22.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.3% and a 52.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everbridge Inc with a $101.67 average price target, a 7.2% upside from current levels. In a report issued on August 2, Needham also maintained a Buy rating on the stock with a $115 price target.
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Mimecast Ltd (MIME)
In a report released today, Tim Klasell from Northland Securities maintained a Buy rating on Mimecast Ltd, with a price target of $55. The company’s shares closed yesterday at $43.47.
Klasell wrote:
“We note the company has natural hedging given its UK expense structure. 46% of customers are now using 43% last quarter and 34% a year ago.”
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 16.1% and a 65.1% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mimecast Ltd with a $56.13 average price target, a 29.1% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $58 price target.
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