Analysts Offer Insights on Technology Companies: Toast Inc (TOST), Nerdy (NRDY) and Coherent Corp (COHR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Toast Inc (TOST – Research Report), Nerdy (NRDY – Research Report) and Coherent Corp (COHR – Research Report).

Toast Inc (TOST)

BTIG analyst Andrew Harte maintained a Hold rating on Toast Inc today. The company’s shares closed last Tuesday at $23.73.

According to TipRanks.com, Harte is a 4-star analyst with an average return of 20.1% and a 38.7% success rate. Harte covers the Technology sector, focusing on stocks such as Shift4 Payments, Par Technology, and Microstrategy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toast Inc with a $24.75 average price target, representing a 6.4% upside. In a report released yesterday, KBW also maintained a Hold rating on the stock with a $26.00 price target.

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Nerdy (NRDY)

In a report released today, Ross Sandler from Barclays maintained a Hold rating on Nerdy, with a price target of $4.00. The company’s shares closed last Tuesday at $2.65, close to its 52-week low of $2.31.

According to TipRanks.com, Sandler is a 5-star analyst with an average return of 12.2% and a 62.4% success rate. Sandler covers the Technology sector, focusing on stocks such as Unity Software, Duolingo, and Lyft.

Currently, the analyst consensus on Nerdy is a Strong Buy with an average price target of $4.66, implying a 71.3% upside from current levels. In a report released today, Goldman Sachs also reiterated a Hold rating on the stock with a $3.25 price target.

Coherent Corp (COHR)

Barclays analyst Thomas O’Malley maintained a Buy rating on Coherent Corp today and set a price target of $66.00. The company’s shares closed last Tuesday at $55.30.

According to TipRanks.com, O’Malley is a 4-star analyst with an average return of 9.9% and a 56.5% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coherent Corp with a $65.17 average price target, a 6.8% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $68.00 price target.

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Read More on TOST:

• Toast Inc call volume above normal and directionally bullish
• Toast price target raised to $28 from $24 at Baird
• Toast price target raised to $17 from $15 at Wells Fargo
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• Toast initiated with a Market Perform at Keefe Bruyette