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Analysts Have Conflicting Sentiments on These Technology Companies: Renalytix AI (RNLX) and Cognyte Software (CGNT)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Renalytix AI (RNLXResearch Report) and Cognyte Software (CGNTResearch Report).

Renalytix AI (RNLX)

In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Renalytix AI, with a price target of $15.00. The company’s shares closed last Monday at $2.60, close to its 52-week low of $2.23.

According to TipRanks.com, Chen has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.0% and a 35.6% success rate. Chen covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, HTG Molecular Diagnostics, and EyePoint Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Renalytix AI with a $9.00 average price target.

See the top stocks recommended by analysts >>

Cognyte Software (CGNT)

Needham analyst Mike Cikos downgraded Cognyte Software to Hold today. The company’s shares closed last Monday at $5.07, close to its 52-week low of $3.91.

According to TipRanks.com, Cikos is a 2-star analyst with an average return of -0.6% and a 45.1% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Tenable Holdings, and Cellebrite DI.

Currently, the analyst consensus on Cognyte Software is a Hold with an average price target of $6.50.

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