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Analysts’ Opinions Are Mixed on These Technology Stocks: National Instruments (NATI) and Elastic (ESTC)

Analysts have been eager to weigh in on the Technology sector with new ratings on National Instruments (NATIResearch Report) and Elastic (ESTCResearch Report).

National Instruments (NATI)

Goldman Sachs analyst Mark Delaney maintained a Buy rating on National Instruments yesterday and set a price target of $49.00. The company’s shares closed last Tuesday at $39.90.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 9.6% and a 56.1% success rate. Delaney covers the Technology sector, focusing on stocks such as Keysight Technologies, Aurora Innovation, and Vertiv Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for National Instruments with a $46.80 average price target, which is a 18.0% upside from current levels. In a report issued on September 16, Morgan Stanley also maintained a Buy rating on the stock with a $46.00 price target.

See the top stocks recommended by analysts >>

Elastic (ESTC)

In a report released today, Kash Rangan from Goldman Sachs reiterated a Hold rating on Elastic, with a price target of $92.00. The company’s shares closed last Tuesday at $80.30.

According to TipRanks.com, Rangan is a 5-star analyst with an average return of 7.2% and a 55.0% success rate. Rangan covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Procore Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elastic with a $105.22 average price target, implying a 25.7% upside from current levels. In a report released today, Jefferies also maintained a Hold rating on the stock with a $90.00 price target.

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