Analysts Have Conflicting Sentiments on These Technology Companies: Cognex (CGNX), Omnicell (OMCL) and Sprout Social (SPT)

Analysts have been eager to weigh in on the Technology sector with new ratings on Cognex (CGNX – Research Report), Omnicell (OMCL – Research Report) and Sprout Social (SPT – Research Report).

Cognex (CGNX)

Robert W. Baird analyst Robert Mason CFA maintained a Hold rating on Cognex on September 21 and set a price target of $47.00. The company’s shares closed last Thursday at $42.31, close to its 52-week low of $40.55.

According to TipRanks.com, CFA is ranked 0 out of 5 stars with an average return of -12.6% and a 24.6% success rate. CFA covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Roper Technologies.

Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $52.00.

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Omnicell (OMCL)

In a report issued on September 21, Joy Zhang CFA from SVB Securities reiterated a Hold rating on Omnicell, with a price target of $117.00. The company’s shares closed last Thursday at $86.30.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -13.3% and a 14.3% success rate. CFA covers the Technology sector, focusing on stocks such as Computer Programs and Systems, Hims & Hers Health, and OptimizeRx.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Omnicell with a $141.29 average price target.

Sprout Social (SPT)

In a report issued on September 18, Robert Oliver from Robert W. Baird maintained a Buy rating on Sprout Social, with a price target of $76.00. The company’s shares closed last Thursday at $59.77.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 8.4% and a 51.6% success rate. Oliver covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and PROS Holdings.

Currently, the analyst consensus on Sprout Social is a Strong Buy with an average price target of $74.20, representing a 14.6% upside. In a report issued on September 7, Cantor Fitzgerald also maintained a Buy rating on the stock with a $79.00 price target.

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