Analysts Have Conflicting Sentiments on These Technology Companies: Sportradar Group AG (SRAD), Digimarc (DMRC) and POET Technologies (POET)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sportradar Group AG (SRAD – Research Report), Digimarc (DMRC – Research Report) and POET Technologies (POET – Research Report).

Sportradar Group AG (SRAD)

In a report released today, Ryan Sigdahl from Craig-Hallum reiterated a Buy rating on Sportradar Group AG, with a price target of $25.00. The company’s shares closed last Wednesday at $11.55.

According to TipRanks.com, Sigdahl is a 5-star analyst with an average return of 25.0% and a 50.3% success rate. Sigdahl covers the Technology sector, focusing on stocks such as Inspired Entertainment, Genius Sports Limited, and Gambling.com.

Currently, the analyst consensus on Sportradar Group AG is a Moderate Buy with an average price target of $14.50.

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Digimarc (DMRC)

Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Digimarc today and set a price target of $25.00. The company’s shares closed last Wednesday at $19.92.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 22.6% and a 56.1% success rate. Rhee covers the Technology sector, focusing on stocks such as Planet Labs PBC, Upland Software, and Rimini Street.

Digimarc has an analyst consensus of Hold, with a price target consensus of $25.00.

POET Technologies (POET)

Craig-Hallum analyst Richard Shannon maintained a Buy rating on POET Technologies today. The company’s shares closed last Wednesday at $4.37.

According to TipRanks.com, Shannon is a 2-star analyst with an average return of 0.1% and a 38.4% success rate. Shannon covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Everspin Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for POET Technologies with a $5.00 average price target, which is a 16.6% upside from current levels. In a report issued on April 26, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.00 price target.

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Read More on SRAD:

• Sportradar Reports Strong First Quarter 2023 Results
• Sportradar names Griffin as Chief Financial Officer
• Sportradar Names Technology Growth Executive Gerard Griffin as Chief Financial Officer
• Sportradar announces nomination of two new directors
• Sportradar Announces Nomination of Two New Directors at Upcoming 2023 Annual General Meeting