Companies in the Technology sector have received a lot of coverage today as analysts weigh in on BlackLine (BL – Research Report) and Akamai (AKAM – Research Report).
BlackLine (BL)
Goldman Sachs analyst Adam Hotchkiss maintained a Sell rating on BlackLine yesterday and set a price target of $50.00. The company’s shares closed last Tuesday at $58.30.
According to TipRanks.com, Hotchkiss is a 4-star analyst with an average return of
BlackLine has an analyst consensus of Hold, with a price target consensus of $62.75, representing an 8.3% upside. In a report issued on February 9, J.P. Morgan also maintained a Sell rating on the stock with a $55.00 price target.
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Akamai (AKAM)
In a report released yesterday, Michael Elias from TD Cowen maintained a Buy rating on Akamai, with a price target of $130.00. The company’s shares closed last Tuesday at $125.05, close to its 52-week high of $129.17.
Elias has an average return of
According to TipRanks.com, Elias is ranked #6540 out of 8716 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Akamai with a $136.60 average price target.
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Read More on BL:
- BlackLine Announces Fourth Quarter and Full Year 2023 Financial Results
- BlackLine names Sumit Johar as chief information officer
- Is BL a Buy, Before Earnings?
- BlackLine Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
- BlackLine price target lowered to $60 from $65 at Citi
