Analysts have been eager to weigh in on the Technology sector with new ratings on Silicon Motion (SIMO – Research Report), Rapid7 (RPD – Research Report) and Paycor HCM (PYCR – Research Report).
Silicon Motion (SIMO)
J.P. Morgan analyst Gokul Hariharan maintained a Buy rating on Silicon Motion on May 6 and set a price target of $90.00. The company’s shares closed last Wednesday at $78.72.
According to TipRanks.com, Hariharan is a 4-star analyst with an average return of
Currently, the analyst consensus on Silicon Motion is a Strong Buy with an average price target of $91.75, a 15.8% upside from current levels. In a report issued on May 6, Morgan Stanley also upgraded the stock to Buy with a $88.00 price target.
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Rapid7 (RPD)
J.P. Morgan analyst Brian Essex maintained a Hold rating on Rapid7 yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $38.00, close to its 52-week low of $35.22.
According to TipRanks.com, Essex is a 4-star analyst with an average return of
Rapid7 has an analyst consensus of Moderate Buy, with a price target consensus of $50.83, implying a 25.5% upside from current levels. In a report issued on April 25, Scotiabank also initiated coverage with a Hold rating on the stock with a $46.00 price target.
Paycor HCM (PYCR)
In a report released today, Mark Murphy from J.P. Morgan maintained a Hold rating on Paycor HCM, with a price target of $19.00. The company’s shares closed last Wednesday at $17.50, close to its 52-week low of $16.48.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paycor HCM with a $24.50 average price target, representing a 37.7% upside. In a report issued on April 25, Goldman Sachs also maintained a Hold rating on the stock with a $22.00 price target.
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Read More on SIMO:
- Micron upgraded, Peloton downgraded: Wall Street’s top analyst calls
- Silicon Motion price target raised to $96 from $80 at Craig-Hallum
- Silicon Motion price target raised to $105 from $101 at B. Riley
- Silicon Motion upgraded to Overweight from Equal Weight at Morgan Stanley
- Silicon Motion price target raised to $90 from $80 at BofA
