Analysts’ Opinions Are Mixed on These Technology Stocks: Freshworks (FRSH), TTM Technologies (TTMI) and Fastly (FSLY)

Analysts have been eager to weigh in on the Technology sector with new ratings on Freshworks (FRSH – Research Report), TTM Technologies (TTMI – Research Report) and Fastly (FSLY – Research Report).

Freshworks (FRSH)

Robert W. Baird analyst Robert Oliver downgraded Freshworks to Hold today and set a price target of $16.00. The company’s shares closed last Wednesday at $18.25.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 8.8% and a 55.1% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Klaviyo, Inc. Class A, and Tyler Technologies.

Freshworks has an analyst consensus of Moderate Buy, with a price target consensus of $24.33, implying a 35.9% upside from current levels. In a report issued on April 17, Morgan Stanley also maintained a Hold rating on the stock with a $22.00 price target.

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TTM Technologies (TTMI)

In a report released yesterday, Matthew Sheerin from Stifel Nicolaus upgraded TTM Technologies to Buy, with a price target of $19.00. The company’s shares closed last Wednesday at $14.77.

According to TipRanks.com, Sheerin is a 5-star analyst with an average return of 16.0% and a 72.1% success rate. Sheerin covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Vishay Intertechnology, and TD SYNNEX Corporation.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TTM Technologies with a $20.00 average price target.

Fastly (FSLY)

The company’s shares closed last Wednesday at $12.93, close to its 52-week low of $11.61.

According to TipRanks.com, Kessinger is a 4-star analyst with an average return of 7.6% and a 50.0% success rate. Kessinger covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, CrowdStrike Holdings, and FiscalNote Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fastly with a $16.94 average price target, a 33.1% upside from current levels. In a report issued on April 24, RBC Capital also maintained a Hold rating on the stock with a $18.00 price target.

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Read More on FRSH:

• Freshworks Leadership Changes and Market Strategy Shift
• Freshworks Announces CEO Transition
• Freshworks price target lowered to $22 from $24 at Morgan Stanley
• Jefferies software/Internet analyst to hold analyst/industry conference call
• Porsche eBike Performance Accelerates IT Efficiency with Freshworks’ AI-Powered Enterprise Software