There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Expensify (EXFY – Research Report), Nova (NVMI – Research Report) and Shoals Technologies Group (SHLS – Research Report) with bullish sentiments.
Expensify (EXFY)
Citi analyst Steve Enders maintained a Buy rating on Expensify today and set a price target of $4.00. The company’s shares closed last Thursday at $1.78, close to its 52-week low of $1.40.
According to TipRanks.com, Enders ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Currently, the analyst consensus on Expensify is a Hold with an average price target of $2.60, representing a 45.3% upside. In a report released yesterday, Lake Street also assigned a Buy rating to the stock with a $2.00 price target.
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Nova (NVMI)
Citi analyst Atif Malik maintained a Buy rating on Nova today and set a price target of $223.00. The company’s shares closed last Thursday at $193.14, close to its 52-week high of $198.71.
According to TipRanks.com, Malik is a top 25 analyst with an average return of
Currently, the analyst consensus on Nova is a Strong Buy with an average price target of $217.00, representing a 16.3% upside. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $215.00 price target.
Shoals Technologies Group (SHLS)
In a report issued on May 8, Mark Strouse from J.P. Morgan maintained a Buy rating on Shoals Technologies Group, with a price target of $21.00. The company’s shares closed last Thursday at $7.68, close to its 52-week low of $7.27.
According to TipRanks.com, Strouse is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shoals Technologies Group with a $14.36 average price target, which is an 89.2% upside from current levels. In a report issued on May 7, RBC Capital also maintained a Buy rating on the stock with a $15.00 price target.
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