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Analysts Offer Insights on Technology Companies: National Instruments (NATI), Materialise (MTLS) and Freshworks (FRSH)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on National Instruments (NATIResearch Report), Materialise (MTLSResearch Report) and Freshworks (FRSHResearch Report).

National Instruments (NATI)

In a report issued on July 29, Samik Chatterjee from J.P. Morgan maintained a Hold rating on National Instruments, with a price target of $40.00. The company’s shares closed last Friday at $38.00.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 13.4% and a 55.5% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies.

National Instruments has an analyst consensus of Strong Buy, with a price target consensus of $44.75.

See today’s best-performing stocks on TipRanks >>

Materialise (MTLS)

In a report issued on July 29, Paul J Chung from J.P. Morgan maintained a Buy rating on Materialise, with a price target of $19.00. The company’s shares closed last Friday at $14.04, close to its 52-week low of $12.44.

According to TipRanks.com, Chung is a 1-star analyst with an average return of -3.6% and a 40.3% success rate. Chung covers the Technology sector, focusing on stocks such as Resideo Technologies, Dolby Laboratories, and Motorola Solutions.

Materialise has an analyst consensus of Moderate Buy, with a price target consensus of $19.67.

Freshworks (FRSH)

J.P. Morgan analyst Pinjalim Bora maintained a Buy rating on Freshworks yesterday and set a price target of $18.00. The company’s shares closed last Friday at $13.11, close to its 52-week low of $10.51.

According to TipRanks.com, Bora is a 2-star analyst with an average return of 0.0% and a 45.5% success rate. Bora covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Coupa Software, and Pegasystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freshworks with a $22.18 average price target, representing a 76.2% upside. In a report issued on July 18, Piper Sandler also maintained a Buy rating on the stock with a $20.00 price target.

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