Analysts Offer Insights on Technology Companies: Emerson Electric Company (EMR), Verisign (VRSN) and Ambarella (AMBA)

Analysts have been eager to weigh in on the Technology sector with new ratings on Emerson Electric Company (EMR – Research Report), Verisign (VRSN – Research Report) and Ambarella (AMBA – Research Report).

Emerson Electric Company (EMR)

Robert W. Baird analyst Michael Halloran maintained a Hold rating on Emerson Electric Company on January 17 and set a price target of $94.00. The company’s shares closed last Thursday at $86.89.

According to TipRanks.com, Halloran is a 5-star analyst with an average return of 9.0% and a 56.0% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Evoqua Water Technologies, and A. O. Smith Corporation.

Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $103.45, which is a 16.8% upside from current levels. In a report issued on January 4, UBS also downgraded the stock to Hold with a $100.00 price target.

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Verisign (VRSN)

In a report issued on January 18, Robert Oliver from Robert W. Baird maintained a Buy rating on Verisign, with a price target of $265.00. The company’s shares closed last Thursday at $211.64.

According to TipRanks.com, Oliver is a 4-star analyst with an average return of 7.5% and a 53.2% 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 Verisign is a Moderate Buy with an average price target of $254.00.

Ambarella (AMBA)

In a report issued on January 18, Tristan Gerra from Robert W. Baird maintained a Buy rating on Ambarella, with a price target of $90.00. The company’s shares closed last Thursday at $83.81.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 8.8% and a 55.7% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Lattice Semiconductor.

Currently, the analyst consensus on Ambarella is a Strong Buy with an average price target of $92.58, which is a 7.8% upside from current levels. In a report issued on January 6, Rosenblatt Securities also maintained a Buy rating on the stock with a $100.00 price target.

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