Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Mitek Systems (MITK – Research Report), Shopify (SHOP – Research Report) and NEXTracker, Inc. Class A (NXT – Research Report).
Mitek Systems (MITK)
Mitek Systems received a Buy rating and a $23.00 price target from Maxim Group analyst Allen Klee yesterday. The company’s shares closed last Tuesday at $13.84.
According to TipRanks.com, Klee ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Mitek Systems has an analyst consensus of Strong Buy, with a price target consensus of $18.80, a 32.5% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $19.00 price target.
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Shopify (SHOP)
Loop Capital Markets analyst Anthony Chukumba maintained a Hold rating on Shopify today and set a price target of $68.00. The company’s shares closed last Tuesday at $58.03.
According to TipRanks.com, Chukumba 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 Shopify with a $77.04 average price target, implying a 31.3% upside from current levels. In a report issued on May 9, Piper Sandler also upgraded the stock to Hold with a $63.00 price target.
NEXTracker, Inc. Class A (NXT)
In a report released today, Jordan Levy from Truist Financial reiterated a Buy rating on NEXTracker, Inc. Class A, with a price target of $70.00. The company’s shares closed last Tuesday at $43.01.
According to TipRanks.com, Levy has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on NEXTracker, Inc. Class A is a Strong Buy with an average price target of $62.73, which is a 43.3% upside from current levels. In a report released yesterday, Craig-Hallum also assigned a Buy rating to the stock.
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Read More on MITK:
- Mitek Systems Announces CEO Transition and Share Buyback Plan
- Mitek Systems announces $50M share repurchase program
- Mitek Systems backs FY24 revenue view $180M-$185M, consensus $181.52M
- Mitek Systems reports Q2 adjusted EPS 24c, consensus 27c
- Mitek Systems names Scott Carter as Interim CEO, effective June 1
